

Rex Tillerson, ExxonMobil CEO
He also addressed fears associated with drilling techniques and oil dependency












Source: The Hook

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RE: Tillerson makes $25.2 million a year
By mikeyD95125 on 6/29/2012 7:52:34 PM , Rating: 3
How many people out of the typical 955 people are qualified to be Exxon Mobile's CEO? Actually make that a million people. Running a massive multinational company takes a very specific skill set that very few can adequately supply.

Lots of people make the same complaint about how professional athletes in major sports make too much money. The fact is that the money is already there, it is just a question of whether the owners or players get it.

RE: Tillerson makes $25.2 million a year
By boeush on 6/29/2012 8:08:00 PM , Rating: 4
a very specific skill set that very few can adequately supply
Or, very few ever get the opportunity to either attain or (more likely) deploy. Being a manager is not rocket science. Most of the work consists of delegating various tasks to respective specialists.
Come now, the money could also be distributed to the shareholders, and/or left in the pockets of customers by lowering the profit margins on the product(s). But sticking with your misguided sports metaphor, who are the "professional athletes" in a major corporation like ExxonMobil: the CEO, or the thousands of actual professionals taking care of the company's daily business? What is more valuable and functional (by far): the CEO sans the company, or the company sans the CEO? So, how about paying the CEO less, and the other employees more? But perhaps that would be too much fairness and justice in the eyes of the "free" markets pwned by financial oligarchs...

By mikeyD95125 on 6/29/2012 11:35:30 PM , Rating: 2

Ha, yeah lower margins to benefit consumers. I see you won't be applying to be the CEO of Exxon mobile, or any company for that matter.

In my sports salary comparison (which wasn't meant to be entirely analogous) I suppose the people who actually work are the athletes while the investors are the owners. The reality is that both groups are needed to create a successful team (company). The question is how much wealth should go to the owners versus the athletes. This is typically negotiated in terms of how much the team (company) can afford to the players (employees) while still maintaining a good rate of return for the owners (shareholders).

Market forces dictate this (who would have figured)

