ExxonMobil Sends Its Boss Tillerson Off To D.C. With $180M Golden Parachute to Hustle for Big Oil
ExxonMobil has agreed to provide an investment package worth about $180 million to its outgoing chief executive, Rex Tillerson, letting him cash in on benefits that he would have been required to give up in order to serve as President-elect Trump’s top diplomat.
If the Senate approves Tillerson’s nomination as secretary of state, ExxonMobil will provide him with an independently managed trust holding non-ExxonMobil investments, according to the terms of the deal, which was… Read more…
