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Exxon Mobil grants Tillerson $180 million retirement package

From marketwatch.com

Exxon Mobil Corp. XOM, +0.70% has awarded former Chief Executive Rex Tillerson a $180 million retirement package as the company moves to break financial ties with President-elect Donald Trump’s nominee for secretary of state. The board’s decision will allow Tillerson to sell off all his remaining shares in the company, the company said late Tuesday. The deal amounts to about $7 million less than the compensation package that awaited him at his previously expected retirement in March. Tillerson stepped down as Exxon CEO on Jan. 1. Before his nomination, he was set to receive more than $180 million in shares that would ... (full story)

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