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.
in the last year of his directorship, more than 3% of all directors
Decreased CEO pay by an average of
between 2008 and 2012, only 27% of directors decreased pay more
Shares of his companies decreased by
between 2008 and 2012, better performance than 39% of all directors
The Michael A. Miles Stock Index
From January 2008 to July 2009, if you bought shares in companies when Michael A. Miles joined the board, and sold them when he left, you would have a -48.0 percent return on your investment, compared to a -35.9 percent return from the S&P 500.