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Exxon Mobil CEO gets $21.7 million pay package after record year
Associated Press - April 10, 2008 2:55 PM ET
HOUSTON
(AP) - Exxon Mobil gave chairman and CEO Rex Tillerson an 18% raise to
$21.7 million. That's according to an analysis of a proxy statement
filed today with the Securities and Exchange Commission.
Irving-based Exxon Mobil's $40 billion profit last year again broke
the record for a U.S. company. Tillerson has held the top job at the
oil giant since 2006.
The 56-year-old executive received a salary of $1.8 million and a
$3.4 million bonus in 2007. The company boosted Tillerson's salary to
$1.9 million on January 1st.
The bulk of Tillerson's package was from a stock award Exxon Mobil
valued at roughly $16.1 million when it was granted November 28th.
The Texas native also received $7,774 in above-market returns on
deferred compensation and $429,792 in "other compensation." That
included $229,331 for personal security, $41,122 for personal use of
company aircraft and $9,150 for financial planning.
Copyright 2008 The Associated Press. All
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rewritten or redistributed.
