by Julie Goodridge

Mr. Tillerson, members of the board and fellow shareholders, my name is Julie Goodridge, I am CEO of Northstar Asset Management, Inc. of Boston and the beneficial owner of 2500 shares of ExxonMobil. This is my third year presenting our resolution on executive compensation.

We are experiencing an unprecedented time in the oil industry. Our company’s profits come at the same time that consumer anger is exploding.

At Exxon our lowest paid workers now take home $187 a week. We estimate that given the increase in gasoline prices since last year, these employees are now spending nearly 30% of their weekly earnings to fill their cars with our gas. In stark contrast, our Chairman and CEO’s weekly income was over $300,000. Mr. Tillerson would need to put $96,000 worth of our company’s product in his car each week to understand the devastating effect that oil prices are having on our employees and workers all across this country.

A telling study conducted by Boston College last year surveyed hundreds of U.S. executives finding that nearly 80% of these executives attribute the public distrust of corporations to excessive CEO pay. The average CEO earns 364 times the wage of the average worker. Our CEO earns 575 times more.

In our resolution we ask our Company to examine the significant gap between the lowest paid worker and the highest paid worker here, because we believe it is fiscally irresponsible for a company to put so much of its resources into a single individual.

We ask for a justification of this gap at a time in our history when it takes an Exxon employee earning minimum wage almost 2 days pay to fill her car with gas at one of our Company’s pumps.

During our annual meetings in 2006 and 2007 our company said that former CEO Lee Raymond’s compensation and Mr. Tillerson’s compensation were for a job well done. This past year Mr. Tillerson’s salary alone went up over 28% yet our value in ExxonMobil shares increased by 11%.

Analysts estimate that every $1 increase in the per-barrel price of oil translates into a 1.5% increase in ExxonMobil’s earnings. Because a significant portion of executive pay at ExxonMobil is related to earnings growth…rising oil prices mean bigger paychecks. Well, oil prices are up over 104% since last year, why can’t our employees afford to drive to work, pay for housing and feed their families?

It would appear, as my fellow shareholders will agree, that management is NOT doing a good job, when employees and customers are suffering. Our company has failed to support shareholder value by ignoring our request for an evaluation of executive compensation. This year alone ExxonMobil has been charged with lacking diversity and breadth of experience on our board, negatively impacting climate change, hiding political contributions, continuing hazardous drilling practices and ignoring the need to protect all of our employees from discrimination.

Supporting our resolution will begin to help polish ExxonMobil’s tarnished image. A fresh look at our executive compensation will show that in times of profit, executive greed and poor oversight will not supercede the impact we have on our workers and our customers.

Please vote YES on shareholder resolution #8.