Thursday, June 01, 2006

Exxon Mobil Shareholders Reject Effort to Restrain Executive Pay

DALLAS, May 31 (AP) — Shareholders of the Exxon Mobil Corporation, whose last chief executive took home $147 million when he retired, overwhelmingly rejected resolutions to rein in compensation at the company's annual meeting on Wednesday. But the chairman and chief executive, Rex W. Tillerson, said some shareholders sent a signal by withholding votes for directors who approved the pay and pension packages of the former chief, Lee R. Raymond.

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