So much for the Grinch: Exxon CEO gets much-deserved raise
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.