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 L. Jones

James L. Jones

  • Between 2008 and 2012 he made
  • $714,055
  • as a director, more than 36% of all directors
  • Paid CEOs an average of
  • $16,491,515
  • in the last year of his directorship, more than 57% of all directors
  • Increased CEO pay by an average of
  • $1,952,682
  • between 2008 and 2012, more than 58% of all directors
  • Shares of his companies decreased by
  • 27.1%
  • between 2008 and 2012, better performance than 26% of all directors

The James L. Jones Stock Index

From January 2008 to December 2012, if you bought shares in companies when James L. Jones joined the board, and sold them when he left, you would have a -27.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.

James L. Jones's companies

General Dynamics

Aug. 3, 2011 to Jan. 1, 2013

Other board members at General Dynamics during this time were George A. Joulwan, James S. Crown, John M. Keane and 8 more.

His Yearly Compensation
Yearly Payments to CEOs
MEDIAN

Boeing

June 21, 2007 to Dec. 15, 2008

Other board members at Boeing during this time were Arthur D. Collins, Jr., Edward M. Liddy, John E. Bryson and 8 more.

Chevron

May 28, 2008 to Dec. 5, 2008

Other board members at Chevron during this time were Carl Ware, Charles R. Shoemate, Donald B. Rice and 9 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, Boeing SEC filings (2008), General Dynamics SEC filings (2011, 2012).

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