Exxon: CEO's 2011 Total Compensation Up 21% To $35 Million -Filing
April 12 2012 - 12:34PM
Dow Jones News
Exxon Mobil Corp. (XOM) Chairman and Chief Executive Rex
Tillerson received about $35 million in total compensation last
year, up 21% from 2010, according to a company securities
filing.
Tillerson received around $2.4 million in base salary, $180,000
more than in 2010; and cash bonuses totaling $4.4 million, up from
about $3.4 million a year ago. He also received shares of Exxon
stock valued at around $17.9 million, a 16% increase from 2010.
Other compensation, including Exxon's use of company aircraft, life
insurance and home security, was valued at around $519,230. The
value of Tillerson's pension in 2011 was around $9.6 million.
Exxon Mobil said Tillerson and other executives' compensation
saw a boost last year because the company's performance continued
to be "very strong" compared with competitors.
Tillerson's 2012 salary is expected to increase 8% to $2.6
million, according to the filing.
The company's shares rose 15.92% in 2011. The stock is down
1.95% year to date.
-By Isabel Ordonez, Dow Jones Newswires; 713-547-9207;
isabel.ordonez@dowjones.com
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