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 January 2008 to July 2008, if you bought shares in companies when Ellen V. Futter joined the board, and sold them when she left, you would have a -54.7 percent return on your investment, compared to a -14.2 percent return from the S&P 500.
Jan. 1, 1999 to July 21, 2008
Other board members at American International Group during this time were Frank Zarb, Fred H. Langhammer, George L. Miles, Jr. and 10 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance .
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe