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.
From March 2009 to December 2010, if you bought shares in companies when Carlos M. Gutierrez joined the board, and sold them when he left, you would have a 89.2 percent return on your investment, compared to a 70.3 percent return from the S&P 500.
March 11, 2009 to Dec. 8, 2010
Other board members at United Technologies during this time were Andre Francois Helier Villeneuve, Christine T. Whitman, Edward A. Kangas and 8 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, United Technologies SEC filings (2009, 2010).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe