Pay Pals

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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.

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James I. Cash

James I. Cash

  • Between 2008 and 2012 he made
  • $4,090,500
  • as a director, more than 99% of all directors
  • Paid CEOs an average of
  • $15,925,508
  • in the last year of his directorship, more than 56% of all directors
  • Decreased CEO pay by an average of
  • $7,136,113
  • between 2008 and 2012, only 11% of directors decreased pay more
  • Shares of his companies increased by
  • 4.8%
  • between 2008 and 2012, better performance than 64% of all directors

The James I. Cash Stock Index

From January 2008 to December 2012, if you bought shares in companies when James I. Cash joined the board, and sold them when he left, you would have a 4.8 percent return on your investment, compared to a -2.8 percent return from the S&P 500.

James I. Cash's companies

Wal-Mart Stores

Jan. 1, 2006 to July 26, 2016

Other board members at Wal-Mart Stores during this time were Aida M. Alvarez, Allen I. Questrom, Arne M. Sorenson and 17 more.

His Yearly Compensation
Yearly Payments to CEOs
MEDIAN

General Electric

Jan. 1, 1997 to July 26, 2016

Other board members at General Electric during this time were Alan A.G. Lafley, Andrea Jung, Ann M. Fudge and 14 more.

Microsoft

Jan. 1, 2001 to Nov. 19, 2009

Other board members at Microsoft during this time were Charles H. Noski, David F. Marquardt, Dina Dublon and 7 more.

  • Stock Performance is the difference between a director's stock index and the S&P 500.
  • A director's stock index is an unweighted index of company stock performances while they sat on the board.
  • CEO pay includes salary, bonuses, stock sales, and other payments.
  • Average CEO Pay is calculated using the last year a director sat on the board of each company.
  • Stock returns do not include dividends.
  • All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012.

The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.

Sources: Google Finance, Yahoo Finance, Microsoft SEC filings (2008, 2009, 2010), General Electric SEC filings (2008, 2009, 2010, 2011, 2012), Wal-Mart Stores SEC filings (2008, 2009, 2010, 2011, 2012).

By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe