exxon mobil comp at $1,010,000; raises of $165k over last 2 years

Anyone who has filled a vehicle's gas tank lately knows that prices at the pump are a lot higher than they were a couple of weeks ago. CNNMoney.com's Feb. 25 article – citing the AAA motor club – reported that the national average for regular gas cost consumers $3.287 per gallon – the highest it has been since October, 2008. There are reasons why gas prices fluctuate so quickly: The unrest in the Middle East and North Africa must surely be a contributing factor, soon if not yet, and we know that the forces of supply and demand affect commodity prices more quickly than other parts of the market. But the dramatic spikes related to oil companies aren't just showing up at the gas pump. We found another one in Exxon Mobil Corporation's (XOM) Feb. 25 10-K. In a two-sentence section marked "Other Information" near the bottom of page 38, Exxon Mobil disclosed: "Effective April 1, 2011, the annual salary for Michael J. Dolan will increase to $1,010,000. Like all other Exxon Mobil executive officers, Mr. Dolan is an 'at will' employee of the Corporation and does not have an employment contract." rest at  http://www.footnoted.com/my-big-fat-deal/fill-er-up-applies-to-exxon-mobil-execs-comp/