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 May 2010 to December 2012, if you bought shares in companies when Charles T. Hagel joined the board, and sold them when he left, you would have a 51.1 percent return on your investment, compared to a 33.5 percent return from the S&P 500.
May 26, 2010 to Feb. 26, 2013
Other board members at Chevron during this time were Alice P. Gast, Carl Ware, Charles R. Shoemate and 14 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, Chevron SEC filings (2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe