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Fort Worth's new thoroughfare plan aims for more variety in street design

Fort Worth is launching a review of its master thoroughfare plan aimed at accommodating continued suburban growth and central city redevelopment with a greater variety of streets and more efficient traffic flow.

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Holt Hickman, businessman who helped preserve Stockyards, dies at 82

Longtime Fort Worth businessman, philanthropist and preservationist Holt Hickman died Nov. 15, 2014, at the age of 82.

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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Exxon CEO's compensation rises 8 percent to $27.2M

 

 

DALLAS (AP) — Exxon Mobil Corp. gave its CEO $27.2 million in total compensation last year, an 8 percent increase as the oil giant posted its second-highest profit ever.

 

Most of Rex W. Tillerson's compensation came in the form of stock awards — the company valued them at $19.6 million on the day they were granted.

An Associated Press analysis of Tillerson's compensation considered salary, bonus, perks and the estimated value of stock and option grants. It did not count changes in the present value of Tillerson's pension benefits, which makes the AP total much smaller than the $40.3 million that Exxon Mobil reported on Friday to the U.S. Securities and Exchange Commission.

Tillerson, 61, received a salary of nearly $2.6 million, a cash bonus of nearly $4.6 million, the stock awards, and other compensation valued at $447,425. The biggest items in the "other compensation" category were $179,690 for matching contributions to Tillerson's 401(k) plan and $112,706 for personal security.

Tillerson is also chairman of Irving-based Exxon Mobil, the largest U.S. oil company, which he has led since 2006.

Last year, the company earned $44.88 billion in net income, an increase of 9 percent over 2011 and its second-best year ever behind its $45.22 billion profit in 2008. In 2012, like 2008, the company was helped by high oil prices.

Exxon Mobil's stock failed to keep pace with those lofty returns. The shares rose 2.1 percent in 2012, slightly better than the 1.6 percent gain for rival Chevron Corp. but far below the gains registered by the Dow Jones industrial average and the Standard & Poor's 500 index.

Exxon has oil operations around the globe and became the largest producer of natural gas in the United States with the 2010 purchase of XTO Energy.

Last month, the company predicted that its oil and gas production would fall 1 percent this year after a 6 percent decline in 2012, then begin to rise in later years as new projects start up. Some of them are controversial, including expansion of Exxon's Kearl oil sands operation in Alberta, Canada, and exploration in the Russian Arctic.

Closer to home, the company is dealing with an oil spill in Arkansas caused by the rupture of a crude oil pipeline.

Also Friday, the company announced that its annual meeting will be May 29 in Dallas. Shareholders will also vote on a series of resolutions including separating the jobs of chairman and CEO, disclosing more details about Exxon's spending on lobbying, and explicitly prohibiting discrimination against gays.

The board recommended that shareholders reject all the resolutions, some of which have come up for votes before. On the discrimination item, the board said Exxon already prohibits "all forms of discrimination, including those based on sexual orientation."

 

 

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