U.S. Secretary of State Tillerson made $27.4 million last year at Exxon: companyHOUSTON (Reuters) - U.S. Secretary of State Rex Tillerson received compensation worth $27.4 million last year when he was chief executive of Exxon Mobil Corp, the world’s largest publicly traded oil producer, regulatory filings showed on Thursday. He and other senior executives got raises even though Exxon’s net income fell more than 50 percent in 2016 as the company, like many of its peers, tried to cut costs and weather a period of low oil prices. The value of Tillerson’s compensation package last year rose about 0.5 percent largely due to a 4 percent boost in his salary to $3.2 million and an 8 percent jump in the value of stock awards to $19.7 million, an Exxon filing with the Securities and Exchange Commission showed. The value of perquisites Tillerson received from Exxon last year, including personal security and a life insurance policy, rose 7 percent to $575,850.  Tillerson, 65, was nominated by then President-elect Donald Trump to be secretary of state in December. Tillerson retired from Exxon at the end of the year. He was confirmed by the U.S. Senate in early February. His current post carries an annual salary of $207,800, according to the federal Office of Personnel Management tables. As part of an ethics agreement when Tillerson assumed his government post, Tillerson forfeited unvested Exxon stock worth $2.8 million and potential for a bonus of $3.9 million. He also waived his right to retiree health benefits.  Tillerson’s vested Exxon stock was put into a trust worth about $180 million at the time, the proceeds of which will be paid out over the next decade, much in the same way proceeds are paid out to all Exxon retirees. The trust is prohibited from investing in Exxon.  Tillerson will not be allowed to work anywhere in the oil and gas industry for the next decade. If he does, the entire trust’s value would be donated to a charity that neither he nor Exxon chooses, according to the regulatory filings. Darren Woods, Exxon’s CEO as of January, saw his compensation rise 64 percent last year, when he was Exxon’s president, to $16.8 million. Woods saw his base salary rise 36 percent to $1 million and the value of stock and stock option awards, his pension and company perquisites, including the cost of a home security system, rise as well.  politicsNews
secretary state tillerson made million last year exon companyhouston reuters secretary state rex tillerson received compensation worth million last year chief executive exon mobil corp world largest publicly traded oil producer regulatory filings showed thursday he senior executives got raises even though exon net income fell percent company like many peers tried cut costs weather period low oil prices the value tillerson compensation package last year rose percent largely due percent boost salary million percent jump value stock awards million exon filing securities exchange commission showed the value perquisites tillerson received exon last year including personal security life insurance policy rose percent tillerson nominated donald trump secretary state december tillerson retired exon end year he confirmed senate early february his current post carries annual salary according federal office personnel management tables as part ethics agreement tillerson assumed government post tillerson forfeited invested exon stock worth million potential bonus million he also waived right retired health benefits tillerson vested exon stock put trust worth million time proceeds paid next decade much way proceeds paid exon retirees the trust prohibited investing exon tillerson allowed work anywhere oil gas industry next decade if entire trust value would donated charity neither exon chooses according regulatory filings darren woods exon ceo january saw compensation rise percent last year exon president million woods saw base salary rise percent million value stock stock option awards pension company perquisites including cost home security system rise well politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: U.S. Secretary of State Tillerson made $27.4 million last year at Exxon: companyHOUSTON (Reuters) - U.S. Secretary of State Rex Tillerson received compensation worth $27.4 million last year when he was chief executive of Exxon Mobil Corp, the world’s largest publicly traded oil producer, regulatory filings showed on Thursday. He and other senior executives got raises even though Exxon’s net income fell more than 50 percent in 2016 as the company, like many of its peers, tried to cut costs and weather a period of low oil prices. The value of Tillerson’s compensation package last year rose about 0.5 percent largely due to a 4 percent boost in his salary to $3.2 million and an 8 percent jump in the value of stock awards to $19.7 million, an Exxon filing with the Securities and Exchange Commission showed. The value of perquisites Tillerson received from Exxon last year, including personal security and a life insurance policy, rose 7 percent to $575,850.  Tillerson, 65, was nominated by then President-elect Donald Trump to be secretary of state in December. Tillerson retired from Exxon at the end of the year. He was confirmed by the U.S. Senate in early February. His current post carries an annual salary of $207,800, according to the federal Office of Personnel Management tables. As part of an ethics agreement when Tillerson assumed his government post, Tillerson forfeited unvested Exxon stock worth $2.8 million and potential for a bonus of $3.9 million. He also waived his right to retiree health benefits.  Tillerson’s vested Exxon stock was put into a trust worth about $180 million at the time, the proceeds of which will be paid out over the next decade, much in the same way proceeds are paid out to all Exxon retirees. The trust is prohibited from investing in Exxon.  Tillerson will not be allowed to work anywhere in the oil and gas industry for the next decade. If he does, the entire trust’s value would be donated to a charity that neither he nor Exxon chooses, according to the regulatory filings. Darren Woods, Exxon’s CEO as of January, saw his compensation rise 64 percent last year, when he was Exxon’s president, to $16.8 million. Woods saw his base salary rise 36 percent to $1 million and the value of stock and stock option awards, his pension and company perquisites, including the cost of a home security system, rise as well.  politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: secretary state tillerson made million last year exon companyhouston reuters secretary state rex tillerson received compensation worth million last year chief executive exon mobil corp world largest publicly traded oil producer regulatory filings showed thursday he senior executives got raises even though exon net income fell percent company like many peers tried cut costs weather period low oil prices the value tillerson compensation package last year rose percent largely due percent boost salary million percent jump value stock awards million exon filing securities exchange commission showed the value perquisites tillerson received exon last year including personal security life insurance policy rose percent tillerson nominated donald trump secretary state december tillerson retired exon end year he confirmed senate early february his current post carries annual salary according federal office personnel management tables as part ethics agreement tillerson assumed government post tillerson forfeited invested exon stock worth million potential bonus million he also waived right retired health benefits tillerson vested exon stock put trust worth million time proceeds paid next decade much way proceeds paid exon retirees the trust prohibited investing exon tillerson allowed work anywhere oil gas industry next decade if entire trust value would donated charity neither exon chooses according regulatory filings darren woods exon ceo january saw compensation rise percent last year exon president million woods saw base salary rise percent million value stock stock option awards pension company perquisites including cost home security system rise well politicsnews