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Exxon CEO’s Personal Use of Company Airplanes Jumps Sixfold

Bloomberg -- Exxon Mobil Corp. (XOM)’s costs for Chairman and Chief Executive Officer Rex Tillerson’s personal use of company-owned aircraft increased sixfold in 2011, according to a U.S. regulatory filing.

Tillerson’s personal use of company planes cost $197,323 last year, compared with $29,409 in 2010, Irving, Texas-based Exxon said today in a U.S. Securities and Exchange Commission filing. The expense was included in executive compensation disclosures that showed Tillerson’s total compensation rose 17 percent to $34.9 million in 2011, including stock awards and deferred compensation.

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Submitted Apr 15, 2012 By: ziyulu

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GasFreeLeaf Champion Author Orange County Posts:1,242 Points:474,100 Joined:Oct 2010	Message Posted: Apr 15, 2012 12:04:32 PM Ignore GasFreeLeaf Report Abuse "Exxon rose 16 percent in New York last year as civil conflicts in North Africa and the Middle East helped push Brent crude prices to a full-year average above $110 a barrel. Profit for 2011 jumped 35 percent to $41.1 billion." That's amazing end results! The next Presidential inauguration day the Washington DC area airports will be full of company-owned aircraft making pleasure trips irregardless of who is elected and each one has the same personal travel reporting requirements.
heysailor Champion Author Pittsburgh Posts:9,572 Points:2,330,720 Joined:Mar 2006	Message Posted: Apr 15, 2012 12:03:36 PM Ignore heysailor Report Abuse The pig shots always use the corporation as their piggy bank and their buddies on the board rubber stamp the abuse. The pig shots always gyp the stockholder - and anyone else they can.
njerald Champion Author Seattle Posts:7,814 Points:1,621,125 Joined:Oct 2007	Message Posted: Apr 15, 2012 12:03:14 PM Ignore njerald Report Abuse Just like Komrade B O..........
jony Champion Author Florida Posts:7,311 Points:1,630,390 Joined:May 2006	Message Posted: Apr 15, 2012 12:02:52 PM Ignore jony Report Abuse another exaample of where your gas dollars are going, not to mention whatever this article is doing on this website?? anothere example of sloo newsday
fedupMN Champion Author Twin Cities Posts:2,939 Points:570,530 Joined:Mar 2011	Message Posted: Apr 15, 2012 12:02:40 PM Ignore fedupMN Report Abuse The people at the top always get the best because they all stick together and take it from those at the bottom
naiiawah Champion Author Boise Posts:2,375 Points:686,925 Joined:Mar 2011	Message Posted: Apr 15, 2012 12:02:37 PM Ignore naiiawah Report Abuse But if his secretary took home some extra staples, they'd probably fire them.
fltdoc Champion Author Oklahoma Posts:8,863 Points:1,552,795 Joined:Oct 2008	Message Posted: Apr 15, 2012 12:02:04 PM Ignore fltdoc Report Abuse I find no problem with a successful CEO using the perks of his position. To succumb to Obama's class warfare is too get on that slippery slope that ends up destroying America's exceptionalism and entrepreneurial spirit.
tomok Champion Author Portland Posts:32,934 Points:2,342,585 Joined:Aug 2006	Message Posted: Apr 15, 2012 12:02:02 PM Ignore tomok Report Abuse Exxon CEO's can go anywhere they want and as much as they want with their company airplanes, they have the resources and money to do what they want Sixfold or More. It's much better than going through the airports with the TSA Nazi's and the local police searching your luggage and personal body areas without authorization. Barry and his families personal use of the country's military planes costs many times over the cost of Exxon's company planes. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible! The price of fuel at the pump is too high! 12/22/2012!
us30ride Champion Author Fort Wayne Posts:3,315 Points:709,610 Joined:Apr 2011	Message Posted: Apr 15, 2012 12:00:36 PM Ignore us30ride Report Abuse I would use it too!
ssect8 Champion Author Hartford Posts:7,979 Points:2,093,595 Joined:Jun 2006	Message Posted: Apr 15, 2012 11:58:14 AM Ignore ssect8 Report Abuse I wonder if they pay full price for the airplane fuel. Probably not.
badbonita Champion Author Syracuse Posts:6,209 Points:1,350,785 Joined:Jul 2008	Message Posted: Apr 15, 2012 11:58:10 AM Ignore badbonita Report Abuse Okay, who was surprised that any big business CEO is using company property for personal use?
h2ojumper Champion Author Austin Posts:2,544 Points:704,710 Joined:Feb 2011	Message Posted: Apr 15, 2012 11:56:02 AM Ignore h2ojumper Report Abuse ok
mplato Champion Author Columbia Posts:8,239 Points:1,813,320 Joined:Jun 2004	Message Posted: Apr 15, 2012 11:55:28 AM Ignore mplato Report Abuse at what really is the problem with that..its there and avaliable...let him use it. now he should reimburse for personal but so should obummer...he hides it as official business not campaining or fund raising or personal use
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Apr 15, 2012 11:54:53 AM Ignore bicycler Report Abuse That is the companies` problem
sonic_cd33 Champion Author Illinois Posts:2,165 Points:551,945 Joined:Aug 2011	Message Posted: Apr 15, 2012 11:53:44 AM Ignore sonic_cd33 Report Abuse and all that overhead has got to be reclaimed somehow...
norcalmag10 Veteran Author Sacramento Posts:258 Points:226,940 Joined:May 2011	Message Posted: Apr 15, 2012 11:53:28 AM Ignore norcalmag10 Report Abuse wow
125MPDay Sophomore Author Virginia Posts:227 Points:539,445 Joined:Mar 2010	Message Posted: Apr 15, 2012 11:50:35 AM Ignore 125MPDay Report Abuse * last thought: Remember some MORON or Group of MORONS is Actually Paying this guy that much. Got Stock? You're one of 'em. Of course I bet he is a major stock holder by now too. Could be a flaw me thinks. Sounds like the guy would make a good Congressman - "I think we deserve a 20% raise; Hey, let's all vote it in!!!"
MightyDude Champion Author Minnesota Posts:10,335 Points:2,645,820 Joined:Mar 2003	Message Posted: Apr 15, 2012 11:48:20 AM Ignore MightyDude Report Abuse What do you expect when you are so poorly paid? ;)
niceguytx Champion Author Houston Posts:13,685 Points:2,710,810 Joined:Sep 2005	Message Posted: Apr 15, 2012 11:47:30 AM Ignore niceguytx Report Abuse Outrageous.
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Apr 15, 2012 11:47:28 AM Ignore EmperorsFinest Report Abuse ok.
NedW Champion Author Indianapolis Posts:5,599 Points:1,139,320 Joined:Mar 2008	Message Posted: Apr 15, 2012 11:47:25 AM Ignore NedW Report Abuse You've got that right, SpankyMI. Not only that, Air Force One is 1 for 1 on our dime.
menagerie1013 Champion Author San Diego Posts:2,365 Points:687,265 Joined:Apr 2011	Message Posted: Apr 15, 2012 11:46:54 AM Ignore menagerie1013 Report Abuse This is a common perk for executives in many huge corporations. As long as it's declared and he's paying taxes, I don't see that it's any different from any other company.
txkrb Champion Author Texas Posts:1,553 Points:635,565 Joined:May 2011	Message Posted: Apr 15, 2012 11:46:28 AM Ignore txkrb Report Abuse Man makes over $30 million a year and needs free use of the corporate jet What he cannot afford, air fare or to reimburse the company Hell I am sure if I made 1/5 of what he makes I could afford to charter a plane [Edited by: txkrb at 4/15/2012 12:47:24 PM EST]
Bigtex09 Champion Author Dallas Posts:4,273 Points:1,156,360 Joined:Oct 2009	Message Posted: Apr 15, 2012 11:46:28 AM Ignore Bigtex09 Report Abuse must be a member and friend of Obama jet set club
125MPDay Sophomore Author Virginia Posts:227 Points:539,445 Joined:Mar 2010	Message Posted: Apr 15, 2012 11:46:15 AM Ignore 125MPDay Report Abuse * Wow, I think he deserves a TAX BREAK too!!!!!
bell05 Champion Author Atlanta Posts:9,240 Points:1,872,935 Joined:Jun 2005	Message Posted: Apr 15, 2012 11:44:38 AM Ignore bell05 Report Abuse Well, I think we ought to take it out of his hide.
scrossi Champion Author Indiana Posts:3,869 Points:1,045,565 Joined:Dec 2008	Message Posted: Apr 15, 2012 11:44:26 AM Ignore scrossi Report Abuse Not likely romey08.
uppy25 Veteran Author Dayton Posts:398 Points:689,785 Joined:Nov 2007	Message Posted: Apr 15, 2012 11:44:19 AM Ignore uppy25 Report Abuse Keep Conserving..............
Rehorsehay All-Star Author California Posts:871 Points:45,925 Joined:Feb 2012	Message Posted: Apr 15, 2012 11:43:29 AM Ignore Rehorsehay Report Abuse So this is why Exxon gas is so high, its nice to know where our hard earned bucks are going. Its good to be the KING!
SpankyMI Champion Author Kalamazoo Posts:2,698 Points:757,330 Joined:Jan 2011	Message Posted: Apr 15, 2012 11:42:57 AM Ignore SpankyMI Report Abuse Not a drop in the bucket compared to Air Force Ones use for vacation trips.
MJIOWA Champion Author Iowa Posts:4,808 Points:1,075,020 Joined:Nov 2009	Message Posted: Apr 15, 2012 11:42:47 AM Ignore MJIOWA Report Abuse ????????? NOT GOOD
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Apr 15, 2012 11:41:31 AM Ignore Romey08 Report Abuse Hope he paid taxes on that benefit
honkerman Champion Author San Jose Posts:44,179 Points:2,394,170 Joined:Jul 2004	Message Posted: Apr 15, 2012 11:41:02 AM Ignore honkerman Report Abuse This is news???
jackster111 Champion Author North Carolina Posts:3,301 Points:422,485 Joined:Feb 2012	Message Posted: Apr 15, 2012 11:40:53 AM Ignore jackster111 Report Abuse okay
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:387,585 Joined:Dec 2011	Message Posted: Apr 15, 2012 11:40:42 AM Ignore GOBUTLER Report Abuse Interesting...
Black Wagon Champion Author Illinois Posts:7,296 Points:1,799,845 Joined:Mar 2004	Message Posted: Apr 15, 2012 11:39:17 AM Ignore Black Wagon Report Abuse $197,323 a year? That's almost as much as Air Force costs for ONE HOUR. $179,600.
BackwoodsPundit Champion Author Richmond Posts:5,179 Points:1,009,480 Joined:Oct 2005	Message Posted: Apr 15, 2012 11:38:47 AM Ignore BackwoodsPundit Report Abuse It's a private company. Meanwhile Bloomberg himself is a billionare and uses his position as mayor to his advantage as well
subnuke Champion Author Atlanta Posts:7,493 Points:1,506,440 Joined:Sep 2008	Message Posted: Apr 15, 2012 11:38:29 AM Ignore subnuke Report Abuse so what - not a big deal.
Tutootin Champion Author Toronto Posts:10,106 Points:3,074,505 Joined:Jun 2004	Message Posted: Apr 15, 2012 11:36:42 AM Ignore Tutootin Report Abuse planoiceman, I suppose, you're right. Still bothers me. What about their "customers"?!?!
2granny Champion Author Michigan Posts:9,560 Points:1,463,330 Joined:Apr 2009	Message Posted: Apr 15, 2012 11:36:42 AM Ignore 2granny Report Abuse That's why our gas prices are so high.
dacofa Champion Author Nevada Posts:5,371 Points:1,147,030 Joined:Jan 2010	Message Posted: Apr 15, 2012 11:35:14 AM Ignore dacofa Report Abuse At least he doesn't use AF1 to go on vacation after he starts a bunch of garbage.
mageetp Champion Author British Columbia Posts:3,195 Points:623,705 Joined:Aug 2011	Message Posted: Apr 15, 2012 11:34:22 AM Ignore mageetp Report Abuse I have no problem with this perk, fully reported and part of company policy.
Wolfwings Champion Author Delaware Posts:8,725 Points:1,773,540 Joined:May 2004	Message Posted: Apr 15, 2012 11:32:44 AM Ignore Wolfwings Report Abuse I guess HE doesn't like the current collection of cars EITHER...
RAKARWOWSKI Champion Author Chicago Posts:3,985 Points:818,100 Joined:Jan 2011	Message Posted: Apr 15, 2012 11:31:37 AM Ignore RAKARWOWSKI Report Abuse To bad.
greenfog Champion Author Illinois Posts:6,475 Points:1,636,095 Joined:Feb 2008	Message Posted: Apr 15, 2012 11:31:16 AM Ignore greenfog Report Abuse that needs to be considered income and he should pay taxes on it!
rjd1608 Champion Author Toledo Posts:5,346 Points:1,927,080 Joined:Aug 2003	Message Posted: Apr 15, 2012 11:31:09 AM Ignore rjd1608 Report Abuse ok
carefrey Champion Author Orlando Posts:5,520 Points:1,156,560 Joined:Sep 2009	Message Posted: Apr 15, 2012 11:30:26 AM Ignore carefrey Report Abuse Who is going to stop him? After all he is the boss!
nstrdnvstr Champion Author Twin Cities Posts:36,832 Points:3,981,260 Joined:May 2001	Message Posted: Apr 15, 2012 11:30:18 AM Ignore nstrdnvstr Report Abuse I don't know that I would say that his use of the plane went up sixfold. Operating costs of air travel has risen, the cost went up sixfold. He most likely did ust the plane more, but probably not sixfold.
fuel2use Champion Author Seattle Posts:3,473 Points:730,400 Joined:Dec 2010	Message Posted: Apr 15, 2012 11:30:07 AM Ignore fuel2use Report Abuse Did he repay the company, like I have to.
OnEmptyMO Champion Author St. Louis Posts:4,979 Points:1,485,750 Joined:Mar 2008	Message Posted: Apr 15, 2012 11:29:14 AM Ignore OnEmptyMO Report Abuse And the problem with this is?
cssco Champion Author Virginia Posts:7,311 Points:1,748,605 Joined:Feb 2006	Message Posted: Apr 15, 2012 11:28:45 AM Ignore cssco Report Abuse Guess they forgot to get a look at his tax return.
Senrac Champion Author Lincoln Posts:1,594 Points:305,635 Joined:Mar 2010	Message Posted: Apr 15, 2012 11:28:26 AM Ignore Senrac Report Abuse Nothing different then Obozo and wifey do seperate jets to get to the same vacation Press doesnt say a word , if Bush had done that they would have hung him