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MUCH A GAS COMPANY C-E-O IS
GETTING PAID.
GOOD EVENING, AND WELCOME TO
22NEWS AT 5:30. I'M LAURA
HUTCHINSON
AND I'M BARRY KRIGER
MANY OF US CONTINUE TO WORK TO
MANAGE OUR FINANCES, AND HIGH
GAS PRICES ARE NO SMALL PART OF
THAT STRUGGLE.
OIL GIANT 'EXXON MOBIL" REVEALED
THEY WILL GIVING THEIR CEO A
NEARLY 5 MILLION DOLLAR BONUS,
ON TOP OF RAISING HIS SALARY.
22NEWS REPORTER SHANNON HALLIGAN
IS LIVE IN SPRINGFIELD WHERE
PEOPLE ARE RESPONDING TO THE PAY
INCREASE.
THIS IS JUST ANOTHER EXAMPLE OF
A CEO MAKING MILLIONS. AND THIS
HAS PEOPLE WONDERING HOW MUCH IS
TOO MUCH?
OIL IS BIG BUSINESS, WHICH
TRANSLATES IN TO "BIG
COMPENSSATION" FOR EXXON MOBIL
CEO, REX TILLERSON, WHO'S PAID
MORE THAN 25 MILLION DOLLARS PER
YEAR. THE COMPANY ANNOUNCED
TILLERSON WILL SEE A 6% SALARY
INCREASE AND A MORE THAN 4 AND A
HALF MILLION DOLLAR BONUS.
3:29 IT'S TOO MUCH. I THINK
BASICALLY OVERALL THEY DON'T
NEED TO MAKE THAT KINDMONE
FOR WHAT THEY DO IN THEIR JOBS.
I THINK SOME OF THE FIELD PEOPLE
AND SOME OF THE PEOPLE WHO
TRAVEL THE WORLD AND DO THEIR
EXPLORATIONS AND THINGS LIKE
THAT, THEIR SALARIES SHOULD BE
INCREASED. BUT PROFESSOR GARY
LEFORT AT AMERICAN INTERNATIONAL
COLLEGE, IT'S NOT SURPRISING
PEOPLE ARE TAKING NOTICE.
5:00 YOU'VE GOT TO PUT IT IN
PERSPECTIVE, UNFORTUNATELYTHE
OIL INUDSTRY IS A HIGH VISIBLE
INDUSTRY RIGHT NOW BECAUSE THE
PRICES THAT WE PAY FOR GASOLINE.
THE CONSUMERS ALWAYS CONCNERED
THAT THEY'RE BEING GOUGED BY THE
OIL COMPANY.
12:13 EXXON MOBIL IS THE WORLD'S
LARGEST PUBLICLY TRADED OIL
COMPANY AND IN THE FIRST 3
QUARTERS OF THE YEAR SAW A 10%
INCREASE IN PROFIT FROM THE SAME
PERIOD LAST YEAR. EXXON EARNED
ABOUT 35 BILLION DOLLARS IN THE
FIRST 3 QUARTERS OF THE YEAR.
AND SOME DO FEEL A CEO THAT
BRINGS IN BIG BUCKS DESERVES A
BIG PAYCHECK.
1:47 THEY DIDN'T GET THERE BY
DOING NOTHING AND CERTAINLY
THEY THINK THEY PUT OUT HTE
EFFORT TO EARN AND WE'RE IN A
COUNTRY WHER EYOU CAN DO THE
SAME THING SO I CAN UNDERSTAND
IT FRMO THEIR POINT OF VIEW.
PROFESSOR LEFORT SAYS EXXON
MOBIL IS REWARDING THE CEO FOR A
GOOD YEAR IN EARNINGS IN
UNFORTUNATELY A VERY HIGH RISK
TYPE OF INDUSTRY. LIVE IN
SPRINGFIELD, SHANNON HALLIGAN
22NEWSS