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 June 2008, if you bought shares in companies when Jack C. Shewmaker joined the board, and sold them when he left, you would have a 23.1 percent return on your investment, compared to a -7.3 percent return from the S&P 500.
Jan. 1, 1977 to June 6, 2008
Other board members at Wal-Mart Stores during this time were Aida M. Alvarez, Allen I. Questrom, Arne M. Sorenson and 13 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, Wal-Mart Stores SEC filings (2008).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe