12. Jeffrey R. Immelt, General Electric
Total compensation: $33 million
Overpaid by: $19.7 million
Immelt’s pay raises several red flags, including GE having a low return on invested capital in three of the last five years, one measure that reflects a CEO’s ability to deliver value. Immelt, who took over from Jack Welch in September 2001, is also being paid more than his peers for a lower return on corporate capital.
