Exxon Mobil CEO’s total pay falls in 2009 as earnings hit lowest point in 7 years
By APTuesday, April 13, 2010
Exxon Mobil CEO’s total pay falls in 2009
IRVING, Texas — The Associated Press has found that compensation for Exxon Mobil’s CEO fell 9 percent last year as the company struggled with a plunge in petroleum consumption.
Rex Tillerson received $21.7 million in total compensation last year. That compares with $23.9 million in 2008.
Exxon Mobil’s refineries struggled amid a global decline in oil and gas demand.
The AP’s executive pay calculation, based on a regulatory filing, aims to isolate the value the company’s board placed on the CEO’s total compensation package.
The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
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