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 April 2012, if you bought shares in companies when Richard D. Parsons joined the board, and sold them when he left, you would have a -88.2 percent return on your investment, compared to a -5.3 percent return from the S&P 500.
Jan. 1, 1996 to April 17, 2012
Other board members at Citigroup during this time were Alain J.P. Belda, Andrew N. Liveris, Anne M. Mulcahy and 20 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
* Year where CEO pay is prorated because they were an employee before or after their tenure as CEO.
Sources: Google Finance, Yahoo Finance, Citigroup SEC filings (2008, 2009, 2010, 2011, 2012).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe