RAIN IN PARTS OF NORTH TEXAS: Current Conditions | Live Radar | Check Traffic | Share Photos
CBS DFW Weather App: iPhone App Store | Android Google Play  | More Info

Local

Shareholders Support Exxon’s Executive Pay

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

185992939 10 Shareholders Support Exxons Executive PayHot Halloween Costumes

186544357 Shareholders Support Exxons Executive PayLast Minute Halloween Costumes

 alt=Musicians Then And Now

452359772 10 Shareholders Support Exxons Executive PayMissing Summer?

 alt=Alyssa Milano Shares Breastfeeding Selfie

cowb thumb Shareholders Support Exxons Executive PayCowboys Cheerleaders

DALLAS (AP) - Exxon Mobil’s CEO had a good year in 2011 — compensation valued at $25.2 million. Shareholders did as well, and they’re supporting the oil giant’s pay program.

Investors at Exxon’s annual meeting in Dallas cast 78 percent of shares in favor of the compensation program, rejecting critics who said pay was too high.

CEO Rex Tillerson’s 2011 salary, stock awards and other compensation made him the 16th-highest paid executive among publicly traded U.S. companies.

Rising oil prices helped boost Exxon’s 2011 net income by 35 percent to $41 billion, the company’s best year since 2008. The stock rose 16 percent.

Shareholder consultant ISS Proxy Advisory Services recommended that investors vote against Exxon Mobil Corp.’s executive compensation.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

View Comments