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 August 2009 to August 2012, if you bought shares in companies when Michael S. Shannon joined the board, and sold them when he left, you would have a -19.1 percent return on your investment, compared to a 33.8 percent return from the S&P 500.
Aug. 25, 2009 to Aug. 1, 2012
Other board members at Safeway during this time were Arun Sarin, Frank C. Herringer, Janet E. Grove and 8 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, Safeway SEC filings (2009, 2010, 2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe