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Exxon CEO's 2013 Compensation Falls

Exxon Mobil Corp. (NYSE:XOM) Chairman and Chief Executive Rex Tillerson's total compensation declined 30% to $28.1 million in 2013, as the previous year included a hefty benefit from a change in pension value.Mr. Tillerson received about $2.7 million in base salary, $150,000 more than a year earlier, and cash bonuses totaling $3.7 million, down from about $4.6 million in 2012.He also received stock awards valued at about $21.3 million, an 8.3% increase from 2012, according to the company's proxy filing.Mr. Tillerson's compensation package for 2012 was propped up by more than $13 million due to a change in pension value and nonqualified deferred compensation earnings. In contrast, last year's change in pension value was negative, but SEC regulations don't allow for inclusion of negative pension amounts in the proxy summary compensation tables, the company said. Reflecting the pension change, his pay for 2013 was $21.9 million.Other Exxon top executives saw their base salaries increase, ...

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