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 April 2009 to June 2011, if you bought shares in companies when Jerry A. Grundhofer joined the board, and sold them when he left, you would have a 21.6 percent return on your investment, compared to a 51.0 percent return from the S&P 500.
April 21, 2009 to June 23, 2011
Other board members at Citigroup during this time were Alain J.P. Belda, Andrew N. Liveris, Anne M. Mulcahy and 16 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, Citigroup SEC filings (2009, 2010, 2011).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe