Exxon Chairman gets $14.2 mln in restricted stock

[OhioChick]

Thu Nov 30, 2006 8:41pm ET

NEW YORK, Nov 30 (Reuters) - Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) Chairman Rex W. Tillerson recently received restricted stock worth $14.2 million as the Texas oil company revels in quarterly operating profits nearly unmatched in U.S. corporate history.

Tillerson and other top executives received restricted stock awards earlier this week, Exxon disclosed on Thursday evening in U.S. Securities and Exchange Commission filings. Executive pay in the oil industry, particularly at Exxon, is a sensitive subject as U.S. motorists smart from gas prices that have topped $3 a gallon.

Tillerson received 185,000 shares of restricted stock, whose value is pegged to Exxon's stock price, which closed at $76.81 on the New York Stock Exchange on Thursday. The stock is up 35.4 percent this year.

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061201:MTFH81297_2006-12-01_01-41-01_N30216736&type=comktNews&rpc=44

[El Supremo]

1. Well, he might not have to lick Lee Raymond's boots anymore.

But he's still not in the same league. How about 400 min?

[Lance_Boyle]

2. granted, this is *only* $14.2 million

But then this guy hasn't been filling Jabba Raymond's slimy boots for more than a few months at this point...

[Bake]

3. This is the same assclown who just "warned" against ending tax breaks

See this thread:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2636597

Same guy.

Bake

[sarcasmo]

4. No wonder why they are afraid of the Democrats. What kind of insanity is this.

Average Joe $8.00 HR. A$$Clown Oil Chariman 14.2 Million. Time to take away any and all tax breaks from these fools. Alternative fuels are our only hope.