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 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.
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.
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.
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.
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