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 2008, if you bought shares in companies when Richard F. Teerlink joined the board, and sold them when he left, you would have a -49.7 percent return on your investment, compared to a -38.5 percent return from the S&P 500.
Jan. 1, 1994 to Dec. 31, 2008
Other board members at Johnson Controls during this time were Dennis W. Archer, Eugenio Clariond Reyes-Retana, Jeffrey A. Joerres 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, Johnson Controls SEC filings (2008, 2009).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe