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 November 2010 to December 2012, if you bought shares in companies when Carol M. Stephenson joined the board, and sold them when she left, you would have a -15.7 percent return on your investment, compared to a 19.2 percent return from the S&P 500.
July 24, 2009 to July 26, 2016
Other board members at General Motors during this time were Cynthia A. Telles, Daniel F. Akerson, David Bonderman and 10 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
* Year where CEO pay is prorated because they were an employee before or after their tenure as CEO.
Sources: Google Finance, Yahoo Finance, General Motors SEC filings (2009, 2010, 2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe