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 May 2009, if you bought shares in companies when James R. Houghton joined the board, and sold them when he left, you would have a -24.9 percent return on your investment, compared to a -39.2 percent return from the S&P 500.
Jan. 1, 1994 to May 27, 2009
Other board members at Exxon Mobil during this time were Edward E. Whitacre, Jr., Kenneth C. Frazier, Larry R. Faulkner and 10 more.
Jan. 1, 1999 to April 22, 2008
Other board members at MetLife during this time were Burton A. Dole, Jr., Charles M. Leighton, Cheryl W. Grisé and 11 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, MetLife SEC filings (2008), Exxon Mobil SEC filings (2008, 2009).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe