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 January 2008 to February 2010, if you bought shares in companies when John F. Bookout III joined the board, and sold them when he left, you would have a -74.9 percent return on your investment, compared to a -24.9 percent return from the S&P 500.
Jan. 1, 2006 to Feb. 25, 2010
Other board members at Tesoro during this time were Donald H. Schmude, J.W. Nokes, Michael E. Wiley and 4 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
* Year where CEO pay is prorated because they were an employee before or after their tenure as CEO.
Sources: Google Finance, Yahoo Finance, Tesoro SEC filings (2008, 2009, 2010).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe