SWAMPY: Exxon Paid Tillerson $27M In 2016

Reuters reports:

U.S. Secretary of State Rex Tillerson received compensation worth $27.4 million last year when he was chief executive of Exxon Mobil Corp, the world’s largest publicly traded oil producer, regulatory filings showed on Thursday.

He and other senior executives got raises even though Exxon’s net income fell more than 50 percent in 2016 as the company, like many of its peers, tried to cut costs and weather a period of low oil prices.

The value of Tillerson’s compensation package last year rose about 0.5 percent largely due to a 4 percent boost in his salary to $3.2 million and an 8 percent jump in the value of stock awards to $19.7 million, an Exxon filing with the Securities and Exchange Commission showed.