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 December 2012, if you bought shares in companies when Jacquelyn Ward joined the board, and sold them when he left, you would have a -15.9 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Jan. 1, 2002 to July 26, 2016
Other board members at WellPoint during this time were Donald W. Riegle, Jr., George A. Schaefer, Jr., Jane G. Pisano and 12 more.
Sept. 1, 2001 to July 26, 2016
Other board members at Sysco during this time were Hans-Joachim Koerber, John M. Cassaday, Jonathan Golden and 8 more.
Jan. 1, 1994 to June 3, 2009
Other board members at Bank of America during this time were Charles K. Gifford, Charles O. Rossotti, D. Paul Jones, Jr. and 19 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, Bank of America SEC filings (2008, 2009), WellPoint SEC filings (2008, 2009, 2010, 2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe