Exxon Mobil to give CEO a raise to $2.7 million

Wednesday, December 5, 2012 - 1:09pm

Exxon Mobil Corp. is raising CEO Rex W. Tillerson’s salary 6 percent to $2.72 million on Jan. 1.

The oil giant said in a regulatory filing that Tillerson will also get a bonus of $4.59 million and 225,000 shares of restricted stock.

Tillerson’s 2012 salary was $2.57 million, which was up from $2.39 million in 2011, according to previous filings.
Exxon said that about half the bonus will be paid in cash by year-end and the rest paid later through units that can be converted to cash based on a formula tied to cumulative quarterly earnings per share.

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