The top 10 most undervalued CEOs on the Fortune 500

The top 10 most undervalued CEOs on the Fortune 500

Some CEOs may actually deserve a raise—at least when accounting for how much value they’ve made for their investors.

These executives had the lowest scores on our new pay vs. performance ranking, making them the most underpaid Fortune 500 chief executives in 2021. (Read more about this new list, and our full methodology, in Fortune's June/July cover story, "Maximum Wage: Meet the 10 Most Overpaid CEOs in the Fortune 500—plus the 10 Most Undervalued.")

Years as CEO: 11
Company’s annualized total return over tenure: 79.1%
S&P 500 annualized total return over CEO’s tenure: 16.2%
3-year average compensation: $3.1 million