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 2011 to December 2012, if you bought shares in companies when Jesse J. Greene, Jr. joined the board, and sold them when he left, you would have a -4.8 percent return on your investment, compared to a 12.1 percent return from the S&P 500.
Jan. 1, 2011 to July 26, 2016
Other board members at Caterpillar during this time were Charles D. Powell, Daniel M. Dickinson, David L. Calhoun and 14 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, Caterpillar SEC filings (2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe