FRONT PAGE CONTRIBUTOR
A Little Perspective, Please.
Exxon’s top exec got a 17pct. pay raise in 2011
Exxon Mobil gave its top executive a 17 percent increase in compensation last year, as the oil giant posted one of its most profitable years on record.
Rex Tillerson, 60, received a pay package worth $25.2 million, up from $21.5 million in 2010, according to an AP analysis of a regulatory filing on Thursday.
Tillerson received an annual salary of $2.4 million, a bonus of $4.4 million and stock awards worth $17.9 million. He also received $519,230 in miscellaneous compensation including life insurance, personal security, personal use of company aircraft, and financial planning.
Tillerson owns 1.743 million shares of XOM stock worth $145 million, or 0.037% of the company. (Most of the stock of the Big Oil companies is owned not by their managers but by pension funds, mutual funds, and individual investors.)
For comparison, here are the latest available annual compensation numbers for the CEOs of XOM’s competition:
- Jim Mulva, ConocoPhillips, $27,713,594
- John Watson, Chevron, $25,000,000
- Peter Voser, Royal Dutch/Shell, €5,208,000 = $6,800,000
- Robert W. Dudley, BP, $3,404,300
But consider that each of these gentlemen has been successful in rising to the peak of the pyramid in the largest and most complex enterprises in the history of capitalism.
Then consider this:
|Robert Downey, Jr.||$31|
|Sarah Jessica Parker||$30|
|American Athletes||Earnings ($Millions)|
|Dale Earnhardt, Jr.||$26.6|
|International Athletes||Earnings ($Millions)||Sport|
|Fernando Alonso||$45.0||Auto Racing|
|Valentino Rossi||$30.0||Motor Sports|
|Reality “Stars”||Earnings ($Millions)|
Cross-posted at stevemaley.com.