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 October 2010 to September 2011, if you bought shares in companies when Kirbyjon H. Caldwell joined the board, and sold them when he left, you would have a -15.9 percent return on your investment, compared to a 0.4 percent return from the S&P 500.
Oct. 1, 2010 to Sept. 28, 2011
Other board members at United Continental Holdings during this time were Carolyn Corvi, Charles A. Yamarone, David J. Vitale 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, United Continental Holdings SEC filings (2010, 2011).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe