Rex Tillerson

Exxon’s CEO sees a pay cut

Rex-Tillerson-Exxon-MobileRex Tillerson, the Chairman and CEO of Exxon Mobil Corp. has seen his compensation go down by 9 per cent. This was revealed by a research done by Associated Press.

Fall in the earnings of the company is the reason for the same. For last seven years, Exxon has seen a continuous decline in income.

Rex got $21.7 million as remuneration in 2009 as against $23.92 million a year earlier.

Most of it was given in the form of stock awards. The total worth of this was $16.96 million.

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