NEW YORK – Exxon Mobil Corp., which set annual profit records in each of the last two years, rewarded its chief executive with a 10 percent raise that brought his total compensation to $23.9 million in 2008, according to an Associated Press analysis of a regulatory filing.
Chairman and CEO Rex Tillerson, 57, received a salary of nearly $1.9 million last year, up from $1.8 million in 2007.
He also was granted a bonus of $4 million in 2008, compared with $3.4 million in 2007. Half of Tillerson's 2008 bonus was paid last year, and the remainder is scheduled to be paid in the next three years, depending on company earnings targets, Exxon officials said.
The bulk of Tillerson's pay came in restricted stock valued at $17.6 million when it was awarded on Nov. 25. He received stock valued at $16.1 million in 2007.
Tillerson also received $446,826 in perks in 2008, up from $429,792 in 2007. The 2008 sum includes $122,182 for a home security system, $57,513 for a personal driver, $41,980 associated with his use of company aircraft and $34,060 for a car.
Chairman and CEO Rex Tillerson, 57, received a salary of nearly $1.9 million last year, up from $1.8 million in 2007.
He also was granted a bonus of $4 million in 2008, compared with $3.4 million in 2007. Half of Tillerson's 2008 bonus was paid last year, and the remainder is scheduled to be paid in the next three years, depending on company earnings targets, Exxon officials said.
The bulk of Tillerson's pay came in restricted stock valued at $17.6 million when it was awarded on Nov. 25. He received stock valued at $16.1 million in 2007.
Tillerson also received $446,826 in perks in 2008, up from $429,792 in 2007. The 2008 sum includes $122,182 for a home security system, $57,513 for a personal driver, $41,980 associated with his use of company aircraft and $34,060 for a car.
Source: Yahoo News
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