https://www.bloomberg.com/news/articles/2018-03-13/tillerson-has-180-million-reasons-not-to-return-to-oil-industry

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It isn’t clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry. The freshly ousted secretary of state’s exit package from former employer Exxon Mobil Corp. stipulates that if Tillerson returns to the private sector to work for a competitor, he could forfeit roughly $180 million in deferred compensation. Exxon created a payout plan in January 2017 for Tillerson, who had led Exxon since 2006 before serving in the Trump administration, to compensate him for more than 2 million unvested shares and stock units while removing any conflicts of interest. Tillerson surrendered his stock awards in exchange for a cash payment to an independently managed t... Full story

13 March

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