Dividends & Income
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Exxon Mobil (
) 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
. Tillerson also will receive 225K restricted XOM shares, worth nearly $19.7M at today's price. XOM has gained ~3% YTD.
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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.
Dec 5, 2012. 04:57 AM
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