We get raped at the pump, Exxon CEO gets 21.7 million
CNN released an article yesterday detailing the compensation package Exxon Mobil Corp. gives to its CEO, Rex Tillerson.
From the article: Exxon Mobil Corp., whose $40 billion profit last year again broke the record for a U.S. company, gave chairman and CEO Rex Tillerson an 18% raise to $21.7 million, according to an analysis of a proxy statement filed Thursday.
Tillerson, 56, who’s held the top job at the oil giant since 2006, received a salary of $1.8 million and a $3.4 million bonus in 2007. The company boosted Tillerson’s salary to $1.9 million on Jan. 1.
The bulk of Tillerson’s package was from a stock award Exxon Mobil valued at roughly $16.1 million when it was granted Nov. 28, according to the company’s filing with the Securities and Exchange Commission.
The Texas native also received $429,792 in “other compensation” that included $229,331 for personal security, $41,122 for personal use of company aircraft and $9,150 for financial planning.
Now, I admit, I am a full fledged capitalist, and support capitalism in any and all forms, but even I am having a hard time justifying this.
Salary, stock awards, bonuses……all fine and well.
But when those add up to over 20 million dollars, can’t he at least swing the 9 grand for his own financial planning?
Why couldn’t he drop $230,000 for his own personal security detail? Shouldn’t he pay for the security keeping his ass safe? Is expecting him to pay 1% of his yearly take for his own security too much to ask for?
It’s BS - you’ve got that right. I went after the if you can’t beat em join em and started investing heavily in oil and gas stocks- i use the dividends to pay my gas bill.