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Exxon's Tillerson Gets $4M Bonus

By John Johnson,  Newser Staff

Posted Dec 2, 2008 5:56 PM CST

(Newser) – A year of flush oil prices is paying off nicely for Exxon Mobil chief Rex Tillerson. He will get a $4 million bonus this year and a 10% increase in salary next year to $2.06 million, Reuters reports. Tillerson also will receive 225,000 shares of restricted stock. In October, Exxon posted a $14.8 billion profit in the third quarter, the biggest quarterly mark ever by a US company. Crude prices have since fallen.

In this July 31 file photo, a customer holds a gas pump handle at an Exxon station in Vancouver, Wash.
In this July 31 file photo, a customer holds a gas pump handle at an Exxon station in Vancouver, Wash.   (AP Photo)
In this 2007 file photo, Exxon Mobil Chairman & CEO Rex Tillerson appears on the podium at the New York Stock Exchange in New York.
In this 2007 file photo, Exxon Mobil Chairman & CEO Rex Tillerson appears on the podium at the New York Stock Exchange in New York.   (AP Photo)
Exxon's Rex Tillerson answers a question after the annual  shareholders meeting in May.
Exxon's Rex Tillerson answers a question after the annual shareholders meeting in May.   (AP Photo/LM Otero)
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COMMENTS
Showing 2 of 2 comments
dolcevita
Dec 3, 2008 6:52 AM CST
DISGUSTING. No wonder they call it "crude."
Guest
Dec 2, 2008 8:03 PM CST
Hey, people can stop buying gas from them and he wouldn't have made so much, blame yourselves.

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