Tillerson leaving Exxon with an attractive retirement package

Rex Tillerson will get a $180 million retirement package from Exxon Mobil Corp if he is confirmed as president-elect Donald Trump's secretary of state.

Tillerson will give up more than 2 million Exxon shares he would have received over the next 10 years. In exchange, the company will make a cash payment equal to the value of those shares to a trust to be overseen by a third party.

Exxon said on Wednesday that Tillerson has already promised the State Department that he will sell another 611,000 shares he currently owns, worth about $55 million at Wednesday's price, if confirmed. His Senate confirmation hearing begins next week.