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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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cssco Champion Author Virginia Posts:7,463 Points:1,778,970 Joined:Feb 2006	Message Posted: Apr 15, 2012 12:28:45 PM Ignore cssco Report Abuse Guess they forgot to get a look at his tax return.
Senrac Champion Author Lincoln Posts:1,594 Points:307,560 Joined:Mar 2010	Message Posted: Apr 15, 2012 12:28:26 PM 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
nstrdnvstr Champion Author Twin Cities Posts:37,025 Points:4,011,755 Joined:May 2001	Message Posted: Apr 15, 2012 12:28:09 PM Ignore nstrdnvstr Report Abuse Sounds like it was included as paert of his income and thus paid taxes on that income.
CPayZombie Champion Author Phoenix Posts:10,215 Points:1,682,340 Joined:Aug 2008	Message Posted: Apr 15, 2012 12:27:52 PM Ignore CPayZombie Report Abuse Siberian sons of biscuit eaters! When confronted with the plight of Joe Public at the pump Exxon CEO's probably responded with, "Let them use Ethanol."
AKmailman Champion Author Alaska Posts:5,763 Points:1,584,815 Joined:Jul 2004	Message Posted: Apr 15, 2012 12:27:02 PM Ignore AKmailman Report Abuse so?
Tucker16 Champion Author Ottawa Posts:1,191 Points:564,200 Joined:Jul 2006	Message Posted: Apr 15, 2012 12:25:15 PM Ignore Tucker16 Report Abuse Scumbags.
knot2swift Champion Author Calgary Posts:4,506 Points:717,735 Joined:Nov 2009	Message Posted: Apr 15, 2012 12:24:58 PM Ignore knot2swift Report Abuse I guess higher oil and gasoline prices mean more money to waste for some. Unfortunately, that is not the case for the 99% of the rest of us. Sanity will rule again one day.
vollee Champion Author Cincinnati Posts:1,910 Points:786,415 Joined:Dec 2007	Message Posted: Apr 15, 2012 12:24:43 PM Ignore vollee Report Abuse CEO is paying taxes on the perk. That's a whole lot more than the doofus occupying the white house pays to go wherever and whenever he (& the family) want to go on OUR dime! Nov 6 - Regime Change Day
Cuzilla Champion Author Indianapolis Posts:12,265 Points:2,364,310 Joined:Sep 2005	Message Posted: Apr 15, 2012 12:23:17 PM Ignore Cuzilla Report Abuse I don't care!
mikesr100 Champion Author Sacramento Posts:4,035 Points:1,108,415 Joined:Apr 2008	Message Posted: Apr 15, 2012 12:21:28 PM Ignore mikesr100 Report Abuse Michelle & Obummer go on vacation and golf all the time. Plus Michelle takes her friends in a separate jet and takes up complete floors of hotels! This all cost the US citizen 100 of Millions of dollars and the press says nothing!
Gas Thirsty Champion Author Los Angeles Posts:4,937 Points:3,252,920 Joined:Mar 2003	Message Posted: Apr 15, 2012 12:19:36 PM Ignore Gas Thirsty Report Abuse Typical of current CEOs ...
VomVom Champion Author Calgary Posts:3,863 Points:1,647,725 Joined:May 2007	Message Posted: Apr 15, 2012 12:18:39 PM Ignore VomVom Report Abuse At $35 million, it was peanuts compared to the $378 million, the new CEO of Apple Inc Tim Cook got. [Edited by: VomVom at 4/15/2012 12:19:16 PM EST]
WinderGuy Champion Author Georgia Posts:2,965 Points:956,010 Joined:Mar 2008	Message Posted: Apr 15, 2012 12:18:36 PM Ignore WinderGuy Report Abuse ok
humblepie Champion Author Toledo Posts:35,329 Points:2,399,070 Joined:Mar 2006	Message Posted: Apr 15, 2012 12:18:30 PM Ignore humblepie Report Abuse SOUNDS JUST LIKE THE OBAMA FAMILY...
caravanguy Champion Author Milwaukee Posts:1,112 Points:1,050,770 Joined:Aug 2006	Message Posted: Apr 15, 2012 12:18:21 PM Ignore caravanguy Report Abuse When gas gets to $5/gallon he'll be able to fly 2x as much.
firasatali Champion Author Toronto Posts:3,230 Points:589,300 Joined:May 2011	Message Posted: Apr 15, 2012 12:17:31 PM Ignore firasatali Report Abuse ok
Prodaddy Champion Author Houston Posts:8,516 Points:1,921,910 Joined:May 2007	Message Posted: Apr 15, 2012 12:17:28 PM Ignore Prodaddy Report Abuse What else is new??
NanookAK Champion Author Anchorage Posts:7,413 Points:1,467,740 Joined:Nov 2007	Message Posted: Apr 15, 2012 12:17:05 PM Ignore NanookAK Report Abuse They have to spend the excess obscene billion in profits some way.
LongPlay Champion Author Albuquerque Posts:4,381 Points:1,266,900 Joined:May 2008	Message Posted: Apr 15, 2012 12:16:10 PM Ignore LongPlay Report Abuse We get the taxes on it. Glad they are keeping count!
ROSYMI Champion Author Michigan Posts:1,028 Points:388,600 Joined:Nov 2011	Message Posted: Apr 15, 2012 12:14:06 PM Ignore ROSYMI Report Abuse not surprised
SUPERSTEVIEO Champion Author Quebec Posts:3,523 Points:787,115 Joined:Oct 2010	Message Posted: Apr 15, 2012 12:13:42 PM Ignore SUPERSTEVIEO Report Abuse HEY IF TEH BOARD OF DIRECTORS LET IT HAPPEN.. THEN THERE IS NOTHING WE CAN DO...
vcsuksu21 Champion Author Oklahoma City Posts:2,519 Points:724,430 Joined:Dec 2010	Message Posted: Apr 15, 2012 12:13:11 PM Ignore vcsuksu21 Report Abuse at least it is considered taxable
kuma2000 Champion Author Honolulu Posts:3,358 Points:700,875 Joined:Jun 2011	Message Posted: Apr 15, 2012 12:12:33 PM Ignore kuma2000 Report Abuse comes with the job.
Bud122CA Champion Author California Posts:7,601 Points:1,631,825 Joined:Jul 2008	Message Posted: Apr 15, 2012 12:11:50 PM Ignore Bud122CA Report Abuse Isn't this called a perk? What is Nancy Poluci (on purpose SP) doing?
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Apr 15, 2012 12:10:35 PM Ignore LostToo Report Abuse zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Cableman66 Champion Author North Carolina Posts:2,247 Points:517,585 Joined:May 2011	Message Posted: Apr 15, 2012 12:09:19 PM Ignore Cableman66 Report Abuse Good answer Indy1. Air Force 1 cost about that much per day to Operate and how may trips has it made since Obama started using it. Give me a break coompany/private jet issue.
jetlagAK Champion Author Anchorage Posts:2,256 Points:643,825 Joined:Jan 2010	Message Posted: Apr 15, 2012 12:08:36 PM Ignore jetlagAK Report Abuse Look at the source. Obviously bloomberger isn't going to point out how much obummer wastes on vacations, trips to play golf and try to get the free loaders to re-elect him by wasting millions on air force one. Anyone Else 2012!
checkitnow Champion Author Atlanta Posts:2,131 Points:595,725 Joined:Aug 2010	Message Posted: Apr 15, 2012 12:06:57 PM Ignore checkitnow Report Abuse yawn...
rxman1 Champion Author Toledo Posts:9,690 Points:1,889,495 Joined:Nov 2007	Message Posted: Apr 15, 2012 12:04:40 PM Ignore rxman1 Report Abuse There should be no personel use of corporate jets
aarrrt Champion Author San Diego Posts:7,386 Points:1,678,770 Joined:May 2008	Message Posted: Apr 15, 2012 12:00:52 PM Ignore aarrrt Report Abuse He's not the only one. Other company execs and politicians do the same thing.
planoiceman Champion Author Dallas Posts:3,328 Points:499,470 Joined:May 2011	Message Posted: Apr 15, 2012 12:00:45 PM Ignore planoiceman Report Abuse So what. Exxon isn't a government department. If the Board don't have any problem with it, and shareholders are happy with their investments, it doesn't matter.
GassyKat Champion Author Wisconsin Posts:10,079 Points:2,069,170 Joined:Sep 2005	Message Posted: Apr 15, 2012 11:59:44 AM Ignore GassyKat Report Abuse So?
Point__man Champion Author Raleigh Posts:4,473 Points:905,315 Joined:Oct 2010	Message Posted: Apr 15, 2012 11:58:32 AM Ignore Point__man Report Abuse Obviously they prefer he stay out of town as much as possible. He must have tried to lower the selling price of oil or something else as stupid as that for them to force so much time off on him ;)
Indy1 All-Star Author Quad Cities Posts:877 Points:822,775 Joined:Apr 2008	Message Posted: Apr 15, 2012 11:58:27 AM Ignore Indy1 Report Abuse Air Force 1 shouldn't be used for re-election purpose at all. Why not give everybody running a jet?
I10Express Champion Author San Antonio Posts:8,811 Points:1,667,670 Joined:Nov 2008	Message Posted: Apr 15, 2012 11:57:51 AM Ignore I10Express Report Abuse It gets reported as income so he pays taxes on it.
donny47 Champion Author New Hampshire Posts:2,766 Points:1,007,290 Joined:Feb 2009	Message Posted: Apr 15, 2012 11:56:37 AM Ignore donny47 Report Abuse how bout obuma on air force one?
bbreff Champion Author Atlanta Posts:9,988 Points:2,596,115 Joined:Jun 2005	Message Posted: Apr 15, 2012 11:53:05 AM Ignore bbreff Report Abuse This may be considered a benefit, but that amount should be treated as income and be taxable.
OldMoses All-Star Author Atlanta Posts:766 Points:57,925 Joined:Sep 2008	Message Posted: Apr 15, 2012 11:52:30 AM Ignore OldMoses Report Abuse Right on point Gramps001 ! [Edited by: OldMoses at 4/15/2012 11:53:25 AM EST]
LSU_TIGERS_dmb Champion Author Louisiana Posts:1,720 Points:644,165 Joined:May 2011	Message Posted: Apr 15, 2012 11:52:21 AM Ignore LSU_TIGERS_dmb Report Abuse When will Obama and the far left tree huggers complain about left wing movie stars flying on the private jets. Wait it's ok for Obama and the far left to have a private jet. Airforce one cost more one time than this CEO entire year Hurry up November It's time for a new president in the WH
fieldt Champion Author Lansing Posts:4,055 Points:755,800 Joined:Mar 2011	Message Posted: Apr 15, 2012 11:51:30 AM Ignore fieldt Report Abuse LSU +1
sit Champion Author Cleveland Posts:5,330 Points:1,958,945 Joined:Feb 2006	Message Posted: Apr 15, 2012 11:50:43 AM Ignore sit Report Abuse So. He's in charge of a pretty big company... actually doing something. It's not like he golfing in Hawaii. [Edited by: sit at 4/15/2012 11:51:46 AM EST]
Gramps001 Champion Author North Carolina Posts:5,990 Points:1,386,060 Joined:Feb 2007	Message Posted: Apr 15, 2012 11:50:01 AM Ignore Gramps001 Report Abuse A drop in the bucket compared to O'BOZO's record use of Air Force 1. AND they didn't spend a penny of taxpayer $$$$$$$$.$$!
UWHusky Rookie Author Toledo Posts:48 Points:18,115 Joined:Apr 2012	Message Posted: Apr 15, 2012 11:50:00 AM Ignore UWHusky Report Abuse wtf ?????
cateyes8264 Champion Author Tennessee Posts:2,997 Points:665,715 Joined:Jul 2011	Message Posted: Apr 15, 2012 11:48:41 AM Ignore cateyes8264 Report Abuse The company has the profits to cover it. If they didn't like it, he wouldn't be able to do it, it is one of his job perks obviously.
drz614 Champion Author Harrisburg Posts:2,439 Points:625,320 Joined:Aug 2011	Message Posted: Apr 15, 2012 11:47:16 AM Ignore drz614 Report Abuse ok
HelenT Champion Author Buffalo Posts:3,094 Points:623,600 Joined:Apr 2004	Message Posted: Apr 15, 2012 11:46:41 AM Ignore HelenT Report Abuse ....
EVBuddy Champion Author Nevada Posts:16,830 Points:3,058,320 Joined:Sep 2004	Message Posted: Apr 15, 2012 11:44:58 AM Ignore EVBuddy Report Abuse Way support him?
LSU_TIGERS_dmb Champion Author Louisiana Posts:1,720 Points:644,165 Joined:May 2011	Message Posted: Apr 15, 2012 11:44:47 AM Ignore LSU_TIGERS_dmb Report Abuse So the president can use airforce one at a cost of 1000 times more per use and that ok but a CEO not allowed. The president cost is from my taxes. The oil company is a private company. What's next talking about me using my personal car
mickealo Champion Author Spokane Posts:6,297 Points:2,171,160 Joined:Oct 2006	Message Posted: Apr 15, 2012 11:42:50 AM Ignore mickealo Report Abuse so is that why gas prices are so high , shame on you !!!!! [Edited by: mickealo at 4/15/2012 11:43:38 AM EST]
red5529 Champion Author Alabama Posts:4,379 Points:1,484,960 Joined:Mar 2008	Message Posted: Apr 15, 2012 11:42:24 AM Ignore red5529 Report Abuse What would it have cost to fly coach?
vtroger Veteran Author Vermont Posts:284 Points:582,220 Joined:Mar 2011	Message Posted: Apr 15, 2012 11:39:56 AM Ignore vtroger Report Abuse When you make $36 billion in sales, then you can use the company jet costing less than $200k/ year too.