So much for the Grinch: Exxon CEO gets much-deserved raise
Tillerson demonstrates the size of the gold nugget he plans to buy.
Rex Tillerson, the CEO of ExxonMobil, got a raise. On Jan. 1, 2013, Tillerson will earn a base salary of $2.71 million, according to Reuters — a 5 percent raise. He will also get a bonus this year of $4.59 million. He also got 225,000 shares of stock, worth, as of writing, about $19.7 million (though there are restrictions on how he can sell it). Exxon’s stock is up 3.26 percent so far this year.
Some other interesting facts and figures!
The average wage for an American in 2011 was about $43,000 — meaning it takes 168 people to equal Tillerson’s compensation package. Excluding the stock.
ExxonMobil earned $9.57 billion in profits in the third quarter of 2012.
Corporate profits hit an all-time high in the third quarter of $1.75 trillion. Wages as a percent of GDP hit an all-time low.
Year-to-date temperatures for 2012 in the United States are 3.4 degrees F higher than the 20th century average — 6 percent higher.
Sea levels are rising 60 percent faster than we expected.
The company gave $1 million to Sandy relief. Rex Tillerson earned that in bonus by March 18.
Philip Bump writes about the news for Gristmill. He also uses Twitter a whole lot.
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