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 August 2009, if you bought shares in companies when Michael D. O’Halleran joined the board, and sold them when he left, you would have a -39.6 percent return on your investment, compared to a -30.5 percent return from the S&P 500.
Jan. 1, 1993 to Aug. 31, 2009
Other board members at Cardinal Health during this time were Bruce L. Downey, Calvin Darden, Colleen F. Arnold 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, Cardinal Health SEC filings (2008, 2009, 2010).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe