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Exxon's CEO Compensation Falls to $27 Million as Shares Slump

stander
stander
in Oil, Gas and Energy News

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Exxon Mobil Corp.’s Chief Executive Officer Rex Tillerson saw his pay slide 18 percent last year to $27.3 million as the company’s shares tumbled.


Tillerson’s annual stock award fell by more than 14 percent to $18.3 million after the board awarded him the same number of shares as in prior years, according to a proxy statement filed Wednesday. The world’s biggest energy producer by market value saw its stock decline by 16 percent last year as crude prices plummeted by almost one third.


http://www.bloomberg.com/news/articles/2016-04-13/exxon-s-ceo-compensation-falls-to-27-million-as-shares-slump


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