video Finance Videos
Tillerson's $182 million package
Wednesday, January 04, 2017 - 01:05
Exxon Mobil will transfer ex-CEO Rex Tillerson's unvested shares into an independently managed trust if he is confirmed as Secretary of State. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
$182 million heading for Rex Tillerson's till. Exxon Mobil agreed to transfer the value of more than two million unvested shares its former CEO would've gotten over the next ten years to an independently managed trust if he is confirmed as Secretary of State. All this to avoid conflicts of interest. Exxon says he will surrender about $7 million in compensation he would've gotten had he remained. And separately, Tillerson has agreed to sell the more than 600,000 Exxon shares that he currently owns worth $54 million. University of Delaware finance professor and governance expert Charles Elson said, "Exxon was between a rock and a hard place. You've got potential conflict. They handled it the best way they could. This was not a rush; this was deliberative." Tillerson will be prohibited from working in the oil and gas industry during the 10-year payout period. Taking over for him this week as CEO: former president Darren Woods.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Tillerson's $182 million package
Wednesday, January 04, 2017 - 01:05
Top News »
Sat, 16 Feb, 2019 - (1:19)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (0:55)
Sat, 16 Feb, 2019 - (1:09)
Fri, 15 Feb, 2019 - (1:03)
Fri, 15 Feb, 2019 - (1:45)
Fri, 15 Feb, 2019 - (1:59)
Fri, 15 Feb, 2019 - (0:59)
Fri, 15 Feb, 2019 - (1:56)
Thu, 14 Feb, 2019 - (1:43)
Thu, 14 Feb, 2019 - (0:59)
Editors' Picks »
Fri, 15 Feb, 2019 - (1:55)
Thu, 14 Feb, 2019 - (2:50)
Thu, 14 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (1:24)
Thu, 14 Feb, 2019 - (1:58)
Thu, 14 Feb, 2019 - (1:15)
Wed, 13 Feb, 2019 - (1:40)
Wed, 13 Feb, 2019 - (1:40)
Tue, 12 Feb, 2019 - (1:48)
Tue, 12 Feb, 2019 - (1:38)
Business »
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (1:06)
Fri, 15 Feb, 2019 - (1:52)
Fri, 15 Feb, 2019 - (6:42)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:43)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (4:04)
Fri, 15 Feb, 2019 - (1:40)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (1:40)
Featured Videos
Living dangerously, one foot at a time, in 'Free Solo'
Climber Alex Honnold's death-defying ascent of El Capitan in California's Yosemite National Park is taking him to the Oscars, where a film about his feat will compete for the movie world's highest honour
The elusive black panther is spotted in Kenya
Images of a rare African black leopard - known as panthers - have been captured in Kenya, the first verifiable record of the animal for nearly 100 years
Meghan being harassed just like Diana - George Clooney
The media are harassing Meghan Markle just as they did Princess Diana, who was killed in a car crash while being pursued by paparazzi, her friend George Clooney says
Palm oil's PR battle turns to satellite imagery
Companies including Nestle, Unilever, and Ferrero are increasing the use of satellite imagery programs to monitor their palm oil supply chains. Critics say it may boost a corporation's green credentials, but does little to stop mass deforestation
VR app brings South Africa's fossils to your phone
Excavation sites at the famous Cradle of Humankind can now be explored by visitors using a free mobile virtual reality app
Technology »
Fri, 15 Feb, 2019 - (1:20)
Fri, 15 Feb, 2019 - (1:13)
Tue, 12 Feb, 2019 - (1:22)
Tue, 12 Feb, 2019 - (1:39)
Mon, 11 Feb, 2019 - (1:32)
Fri, 08 Feb, 2019 - (2:05)
Thu, 07 Feb, 2019 - (1:38)
Wed, 06 Feb, 2019 - (1:27)
Tue, 05 Feb, 2019 - (1:37)
Tue, 05 Feb, 2019 - (1:43)
Entertainment »
3:56am GMT - (0:45)
Sat, 16 Feb, 2019 - (1:02)
Sat, 16 Feb, 2019 - (0:56)
Sat, 16 Feb, 2019 - (1:05)
Sat, 16 Feb, 2019 - (1:12)
Fri, 15 Feb, 2019 - (1:24)
Fri, 15 Feb, 2019 - (2:20)
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (0:42)
Sports And Leisure »
Thu, 14 Feb, 2019 - (1:27)
Thu, 14 Feb, 2019 - (0:45)
Thu, 14 Feb, 2019 - (1:01)
Wed, 13 Feb, 2019 - (1:32)
Wed, 13 Feb, 2019 - (1:00)
Wed, 13 Feb, 2019 - (0:50)
Tue, 12 Feb, 2019 - (1:19)
Mon, 11 Feb, 2019 - (1:25)
Mon, 11 Feb, 2019 - (1:20)
Mon, 11 Feb, 2019 - (0:43)
Oddly Enough »
Fri, 15 Feb, 2019 - (0:42)
Fri, 15 Feb, 2019 - (1:36)
Thu, 14 Feb, 2019 - (1:01)
Thu, 14 Feb, 2019 - (0:59)
Thu, 14 Feb, 2019 - (1:34)
Thu, 14 Feb, 2019 - (1:26)
Wed, 13 Feb, 2019 - (0:49)
Tue, 12 Feb, 2019 - (0:40)
Mon, 11 Feb, 2019 - (2:19)