1. ExxonMobil, Rex Tillerson Reach Deal to Cut Ties

    ExxonMobil, Rex Tillerson Reach Deal to Cut Ties

    On Tuesday, oil giant ExxonMobil ( XOM - Free Report ) and President-elect Donald Trump’s pick for secretary of state, Rex Tillerson, have agreed to cut all ties and comply with conflict of interest requirements as the former chairman and CEO awaits confirmation. The retirement deal was reached with Exxon’s board of directors, and is worth about $180 million.

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