Remember during COVID how they cut our benefits to help grandma collect her dividend? I am sure it want motivated by the executives wanting to collect their dividends.
Since ExxonMobil is struggling quite a bit these days, I figure the executives should take some pay cuts this year to help the company out. EM is only pulling in roughly billions of dollars in net profit each month, after all. Practically minimum wage for the executive crowd. Why not let the company hang on to a bit more of that money, eh? The executives can take one for the team and bump profits even higher by trimming their own compensation instead of just cutting jobs in the States and up here in Canada. It’d also let them show the shareholders just how committed they are. It's their time to shine and show their WAEM behaviors.