Executive Compensation

TO:

FROM:

DATE: November 15, 2010

RE: Executive Compensation

Issue. You have asked that I research the issue of executive compensation for a public company in 2008 and 2009. I have chosen to review the compensation of Exxon Mobil Corporation Chairman and CEO Mr. Rex W. Tillerson for this assignment. I have used the following sources for purposes of this memorandum:

Exxon Mobil Corporation 2010 Proxy Statement , www.sec.gov/Archives/edgar/data/34088/000119312510082074/ddef14a.htm#toc92813_10

Exxon Mobile Corporation 2009 Proxy Statement, http://sec.gov/Archives/edgar/data/34088/000119312509077572/ddef14a.htm#tx50463_7

Spending on personal security perk for CEOs is skyrocketing, USA Today, 9/11/2009 http://www.usatoday.com/money/companies/management/2009-09-07-CEO-security-spending_N.htm

Conclusion. As seen in the table below, Rex W. Tillerson’s overall compensation decreased by approximately 16%. His salary increased by 10%.

|Year|Salary |

| |($) |

|  | Individual performance; |

| | Long-term strategic plan of the business; and, |

|  | Annual compensation of comparator companies |

The specific business results considered were as follows:

|  | Strong results in the areas of safety, health, and environment. Workforce safety continues to lead the industry. | | 

|  | Total shareholder return was a negative 13.2 percent versus the S&P 500 of negative 37.0 percent. Ten-year annual average of 10.4...