Who you ask, is Rex Tillerson? Only the CEO of the infamous Exxon Mobil. He heads the monolithic oil company that fuels an oil-addicted world its daily ration of poison. He oversees the contamination of the ground, the water and the air. It is a tough job and most likely many would not have the skill (or lack of conscience) to run such an organization. To those that sympathize with this poor, poor man...don't worry too much, he's being compensated quite well.
From The Wall Street Journal:
For the Exxon Mobil Corp. board of directors, the answer was a $16.7 million compensation package for Chairman and CEO Rex Tillerson, up 28.6% from a year earlier.[...]
To judge the performance of the 56-year-old Mr. Tillerson, the Exxon board looked beyond commodity prices to measures such as total shareholder return and return on capital employed. The Irving, Texas, oil giant is the largest U.S. company by its market capitalization -- about $479 billion, according to Thursday's share price.Mr. Tillerson earned $1.75 million in base salary last year; he'll get a raise to $1.87 million in 2008. He received a bonus of $3.36 million last year, up 20% from a year earlier. The rest of his compensation package included an increase in value of his vested stock grants and pension, as well as smaller items such as personal use of the corporate aircraft ($41,122) and security ($229,331).
On the downside for Rex and other execs at Exxon Mobil, they are no longer going to be reimbursed for country club memberships (how stingy!) and that 25 to 100 thousand dollars will just have to come out of their own pockets. Yeah, its rough, but hey, with nearly $17 million coming into the bank account every year, I think Rex can manage.
As for the rest of us, the price of asthma inhalers will continue to rise, since demand is going to keep going up as the world becomes more polluted thanks to the greed of the oil companies and their disdain for the environment.
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