CEO pay is determined by a company’s board of directors. Those directors are compensated for the time they spend shaping the company’s strategy. Here’s what the Fortune 100 executives paid each other from 2008 to 2012.
From March 2008 to December 2012, if you bought shares in companies when J. Dudley Fishburn joined the board, and sold them when he left, you would have a 65.0 percent return on your investment, compared to a 7.6 percent return from the S&P 500.
March 27, 2008 to July 26, 2016
Other board members at Philip Morris International during this time were Carlos Slim Helú, Graham Mackay, Harold Brown and 8 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, Philip Morris International SEC filings (2008, 2009, 2010, 2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe