ExxonMobil CEO Gets 6% Salary Bump
ExxonMobil (NYS: XOM) has awarded CEO Rex W. Tillerson a 6% raise, according to a regulatory document the company filed with the SEC. Effective Jan. 1, Tillerson will be paid $2.72 million in salary. He will also receive a bonus of just under $4.6 million and 225,000 shares of restricted stock in the company.
Tillerson is required to hold half of the restricted shares for a period of five years. The other half must be held for 10 years or until he retires, whichever occurs later.
Tillerson's salary was $2.57 million in 2012 and $2.39 million the previous year, according to SEC filings. That's a 7.5% increase from 2011 to 2012. Tillerson was granted bonuses of $4.37 million at the end of 2011 and $3.36 million at the end of 2010, according to the filings.
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