2009 Director Compensation Project: Introduction

As part of this Blog’s student-teacher format, The Race to the Bottom is bringing back the student developed Director Compensation Project. Over the next several weeks, this blog will post on director and executive compensation for all top 20 Fortune 100 companies for 2009. Additionally, student posts will cover other top 50 companies. Below are the companies this blog will cover along with their corresponding rank on the 2009 Fortune 100 list:

1. Exxon Mobil

2. Wal-Mart Stores

3. Chevron S

4. Conoco Philips

5. General Electric

6. General Motors*

7. Ford Motor Company

8. AT&T

9. Hewlett-Packard

10. Valero Energy

11. Bank of America Corp.

12. Citigroup

13. Berkshire Hathaway

14. International Business Machines

15. McKesson

16. J.P. Morgan Chase & Co.

17. Verizon Communications

18. Cardinal Health

19. CVS Caremark

20. Procter & Gamble

23. Marathon Oil

24. Costco Wholesale

28. Target

29. Johnson & Johnson

30. Morgan Stanley

34. Boeing

36. Walgreen

37. United Technologies

40. Goldman Sachs Group

41. Wells Fargo Company

230. Chesapeake Energy Corporation

* GM has not filed its 2009 proxy statement. Once it does, we will report on the company’s compensation.

Comments

[dougchia]

You claim that your Director Compensation Project is an "ongoing series that examines the way stock exchange independence rules influence director compensation." However, I've read a number of posts from this series and it seems that all you do is repeat information from proxy statements with no analysis. I'm curious to know whether/how you think the stock exchange independence rules influence director compensation. It's not apparent to me that they do, nor do I believe they are intended to. Looking forward to seeing some more analysis here.