Exxon’s top exec got a 17pct. pay raise in 2011
Exxon Mobil gave its top executive a 17 percent increase in compensation last year, as the oil giant posted one of its most profitable years on record.
Rex Tillerson, 60, received a pay package worth $25.2 million, up from $21.5 million in 2010, according to an AP analysis of a regulatory filing on Thursday.
Tillerson received an annual salary of $2.4 million, a bonus of $4.4 million and stock awards worth $17.9 million. He also received $519,230 in miscellaneous compensation including life insurance, personal security, personal use of company aircraft, and financial planning.
Tillerson owns 1.743 million shares of XOM stock worth $145 million, or 0.037% of the company. (Most of the stock of the Big Oil companies is owned not by their managers but by pension funds, mutual funds, and individual investors.)
For comparison, here are the latest available annual compensation numbers for the CEOs of XOM’s competition:
- Jim Mulva, ConocoPhillips, $27,713,594
- John Watson, Chevron, $25,000,000
- Peter Voser, Royal Dutch/Shell, €5,208,000 = $6,800,000
- Robert W. Dudley, BP, $3,404,300
Outrageous!
But consider that each of these gentlemen has been successful in rising to the peak of the pyramid in the largest and most complex enterprises in the history of capitalism.
Then consider this:
| Actors | Earnings (Millions) |
|---|---|
| Leonardo DiCaprio | $77 |
| Johnny Depp | $50 |
| Adam Sandler | $40 |
| Will Smith | $36 |
| Tom Hanks | $35 |
| Ben Stiller | $34 |
| Robert Downey, Jr. | $31 |
| Mark Wahlberg | $28 |
| Tim Allen | $22 |
| Tom Cruise | $22 |
| Actresses | Earnings ($Millions) |
|---|---|
| Angelina Jolie | $30 |
| Sarah Jessica Parker | $30 |
| Jennifer Aniston | $28 |
| Reese Witherspoon | $28 |
| Julia Roberts | $20 |
| Kristen Stewart | $20 |
| Katherine Heigl | $19 |
| American Athletes | Earnings ($Millions) |
|---|---|
| Tiger Woods | $62.3 |
| Phil Mickelson | $61.2 |
| LeBron James | $44.5 |
| Peyton Manning | $38.0 |
| Alex Rodriguez | $36.0 |
| Kobe Bryant | $34.8 |
| Kevin Garnett | $32.8 |
| Matt Ryan | $32.7 |
| Tom Brady | $30.0 |
| Dwight Howard | $28.6 |
| Dwayne Wade | $28.2 |
| Sam Bradford | $27.3 |
| Dale Earnhardt, Jr. | $26.6 |
| Darrelle Revis | $25.8 |
| Jim Furyk | $25.3 |
| International Athletes | Earnings ($Millions) | Sport |
|---|---|---|
| Roger Federer | $52.8 | Tennis |
| Manny Pacquiao | $52.5 | Boxing |
| Fernando Alonso | $45.0 | Auto Racing |
| Lionel Messi | $43.8 | Soccer |
| Cristiano Ronaldo | $38.8 | Soccer |
| Yao Ming | $35.7 | Basketball |
| Rafael Nadal | $31.5 | Tennis |
| Valentino Rossi | $30.0 | Motor Sports |
| Wayne Rooney | $29.2 | Soccer |
| Kaka | $27.3 | Soccer |
| David Beckham | $26.8 | Soccer |
| Ronaldinho | $25.8 | Soccer |
| Ichiro Suzuki | $24.0 | Baseball |
| Reality “Stars” | Earnings ($Millions) |
|---|---|
| Kim Kardashian | $6 |
| Lauren Conrad | $5 |
| Bethenny Frankel | $4 |
| Audrina Patridge | $3.5 |
| Kate Gosselin | $3.5 |
| The Situation | $3 |
Cross-posted at stevemaley.com.
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