What would you do if you were in charge of your own pay?

We thought so! And that’s exactly what the Chevron Corp.  CVX +0.42% board of directors just did – they gave themselves a nice 25% pay raise.

Snark aside, the raise, disclosed Thursday in a regulatory filing, would be the board’s first since 2009. According to the company, that means they have not been keeping up with the competition.