Lee R. Raymond was the CEO of Exxon Mobil Corporation from 1993 until his retirement in 2005. Under his leadership, the company navigated through complex landscapes in the oil and gas sector, focusing on both performance and strategy. In 2005,...

Lee R. Raymond was the CEO of Exxon Mobil Corporation from 1993 until his retirement in 2005. Under his leadership, the company navigated through complex landscapes in the oil and gas sector, focusing on both performance and strategy. In 2005, Raymond had a total compensation of $4.76 million, largely driven by a $4 million salary and a significant bonus of about $4.9 million for his contributions. His peak earnings came in 2004, where he was awarded a total of $10 million. Above all, his legacy includes managing over $300 million in Exxon stock after retirement, showcasing his strong belief in the company's future. Unlike typical corporate leaders, Raymond did not have an employment contract, reflecting Exxon Mobil's culture of merit-based recognition. He received a Ph.D. in Chemical Engineering from the University of Minnesota and has a wealth of experience, having joined Exxon in 1963. A notable fact about his tenure is that there were no new stock options granted after 2001, yet his restricted stock grants held significant value, indicating the long-term focus of the company’s approach to executive compensation.