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 Morris W. Offit joined the board, and sold them when he left, you would have a -97.0 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Jan. 1, 2005 to May 15, 2013
Other board members at American International Group during this time were Arthur C. Martinez, Christopher S. Lynch, Dennis D. Dammerman and 23 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance .
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe