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Exxon Mobil (XOM -0.2%) CEO Rex Tillerson will receive a bonus of $4.59M in cash and shares, up...

Exxon Mobil (XOM -0.2%) CEO Rex Tillerson will receive a bonus of $4.59M in cash and shares, up 5% Y/Y, with half paid in cash by year-end and the other half linked to the company's earnings, according to an SEC filing. Tillerson also will receive 225K restricted XOM shares, worth nearly $19.7M at today's price. XOM has gained ~3% YTD.
Comments (12)
  • Rex, like most of these CEOs, are overpaid, so I have no problem with them paying more or "overpaying" taxes!
    4 Dec 2012, 02:25 PM Reply Like
  • MDH,
    Tell us, how much do YOU think the person responsible for world's largest company (by revenue) and one of the largest market caps in the world should be paid? Do you even own XOM?
    4 Dec 2012, 02:40 PM Reply Like
  • CEO's pay should be 20x lowest paid workers.
    4 Dec 2012, 02:58 PM Reply Like
  • He got 224,800 more shares than I own. ;-)
    4 Dec 2012, 02:30 PM Reply Like
  • Yes, I dont see that its relevant, but I am a shareholder holding more than 3000 shares. And I dont know how much he should make(thats the Board's responsibility), but I do believe that 25 million a year is too much for any one person's time responsibility and energy!! In fact its obscene and a screw job to shareholders.
    4 Dec 2012, 04:02 PM Reply Like
  • Still a shareholder?
    4 Dec 2012, 11:50 PM Reply Like
  • ps Year to date the stock is up 3% per SA!
    4 Dec 2012, 04:27 PM Reply Like
  • It is obvious that the executives of XOM learned something from the executives of XTO when they made that wonderful deal.
    5 Dec 2012, 02:39 AM Reply Like
  • Many other companies are paying a "special" dividend before year end, in order to obtain the current tax rate on such(15%). XOM pays it only to senior executives rather than also to shareholders. That's just not right, and makes the BOD look pretty bad.
    Yes, I have sufficient XOM shares to have an opinion.
    5 Dec 2012, 04:57 AM Reply Like
  • It is time to give share owners a stronger voice on company operations including CEO pay. Elections to the BOD is a farce with same number of nominees as positions available and any vacancies filled by CEO and directors during year. Give us minimum of 1.5 candidates for election positions, let us vote out directors who do not represent shareholders and give us a binding vote on CEO salary and directors pay and benefits. Also, only allow owned shares to vote, not options given to directors, CEO, and other executives. Then and only then will we see directors who will truly represent the owners of the corporation. Most of us realize the true worth of a good CEO and are willing to pay the price.
    5 Dec 2012, 06:06 PM Reply Like
  • 25 million a year, translates to over $8000 per hour assuming a 60 hr work week! (at 50 hrs its $9600pr hr)
    6 Dec 2012, 11:25 AM Reply Like
  • Just an XOM shareholder
    7 Dec 2012, 09:13 AM Reply Like
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