Exxon Mobil 2013 Compensation Shows Higher Pay At The Top

24/7 Wall St.

Money, US, $100 billsExxon Mobil Corporation (NYSE: XOM) is out with its 2012 bonuses and its 2013 pay packages. Chairman and CEO Rex Tillerson is getting a 6% raise as he will make $2.717 million in 2013. Stephen Pryor, VP and President of ExxonMobil Chemical Company will get a salary of $1.04 million in 2013. The bonus pool was approved on November 28. Approximately 50% of the bonus will be paid to the executive in cash by year-end and the remaining 50% will be paid on a delayed basis through the use of earnings bonus units. A ceiling of 11 million shares would be available under the plan as follows:

  • Rex Tillerson: $4,587,000 total, with up to 225,000 shares
  • Donald Humphreys: $3,144,000 total, with up to 124,000 shares; Keep in mind that Humphreys has already announced his retirement from Exxon Mobil as of February.
  • Mark Albers: $2,345,000 total, with up to 90,800…

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