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.
in the last year of his directorship, more than 20% of all directors
Decreased CEO pay by an average of
between 2008 and 2012, only 5% of directors decreased pay more
Shares of his companies decreased by
between 2008 and 2012, better performance than 6% of all directors
The Thomas H. Kean Stock Index
From January 2008 to December 2012, if you bought shares in companies when Thomas H. Kean joined the board, and sold them when he left, you would have a -67.6 percent return on your investment, compared to a -2.8 percent return from the S&P 500.