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.
Jan. 1, 1997 to May 1, 2011
Other board members at Verizon Communications during this time were Clarence Otis, Jr., Donald T. Nicolaisen, Hugh B. Price and 10 more.
Jan. 1, 1993 to April 26, 2010
Other board members at Honeywell International during this time were Bradley Sheares, Clive Hollick, D. Scott Davis and 10 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
* Year where CEO pay is prorated because they were an employee before or after their tenure as CEO.
Sources: Google Finance, Yahoo Finance, Verizon Communications SEC filings (2008, 2009, 2010, 2011), Honeywell International SEC filings (2008, 2009, 2010).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe