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.
Jan. 1, 2005 to Oct. 7, 2009
Other board members at General Dynamics during this time were Carl E. Mundy, Jr., Charles H. Goodman, George A. Joulwan and 9 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, General Dynamics SEC filings (2008, 2009).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe