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Exxon Mobil CEO Awarded $4.6 Million Bonus

Geez, gas prices amirite? $3.29 by my house. Seems there’s gotta be a way to drive those prices down, help the consumer:

The chief executive officer of Exxon Mobil Corp, the world’s largest publicly traded oil company, will take home a higher salary next year and his bonus increases 5 percent.

The Irving, Texas, company’s board of directors awarded Rex Tillerson, the company’s chairman and CEO, a bonus of $4.59 million, up from $4.37 million last year, a filing Tuesday with the U.S. Securities and Exchange Commission showed.

A $4.59 million bonus? Like, that’s not his salary? Or the salary of an entire company? Wait, maybe it will get better:

Tillerson’s salary will rise 5 percent to $2.71 million effective January 1.

The CEO will receive about half the bonus in cash by the end of this year, while the payout of the balance is linked to the company’s earnings, the filing said.

Tillerson was also granted 225,000 shares of restricted stock, the same amount as last year.

Get out. Kindly leave.

  • SybilsBeaver

    dang 3.29, I paid 2.99 by my house yesterday evening

  • BradfordPearson

    I never said I *paid* $3.29. I drive by it, laugh, then drive far out of my way to get cheaper gas, probably negating its fiscal effect in the process.

  • Anon

    You didn’t calculate the $19.6M value of the stock …

  • WmBTravis

    Can anyone reading this make you some gasoline or motor-oil? Yeah, thought so.
    Stop whining and buy some (or short some) stock.

    Class warfare is just lazy; do something world-class.

  • Avid Reader

    Windfall profit tax on O&G companies! Who’s with me? Nobody? Guess that noise died in 2008 and we’ll pick it back up if a republican ever gets back into the presidency.

  • Tim Rogers

    Bradford, you do realize that ExxonMobil is the largest oil company on the planet, right? Try to keep things in perspective. Those numbers seem rather pedestrian to me. And XOM is doing rather well, thank you:

  • JustSaying

    And, if Bradford was the CEO of Frontburner…and Frontburner’s revenues in 2011 was $20 million (someone better start selling pop-up banners), then Bradford’s proportional bonus would be…$200.35 cents.

  • Everlasting Phelps

    Exxon sells 4 million gallons a day. You could apply that whole amount to the price of gas, and it would come down a third of a cent over the year.