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 December 2012, if you bought shares in companies when David R. Goode joined the board, and sold them when he left, you would have a 30.7 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Jan. 1, 1993 to July 26, 2016
Other board members at Caterpillar during this time were Charles D. Powell, Daniel M. Dickinson, David L. Calhoun and 16 more.
April 22, 1999 to July 26, 2016
Other board members at Delta Air Lines during this time were Daniel A. Carp, David G. DeWalt, Douglas M. Steenland and 14 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, Caterpillar SEC filings (2008, 2009, 2010, 2011, 2012), Delta Air Lines SEC filings (2008, 2009, 2010, 2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe