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 October 2008, if you bought shares in companies when Victor L. Lund joined the board, and sold them when he left, you would have a -45.8 percent return on your investment, compared to a -36.6 percent return from the S&P 500.
April 30, 2007 to Oct. 29, 2008
Other board members at Delta Air Lines during this time were Daniel A. Carp, David R. Goode, Douglas M. Steenland 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, Delta Air Lines SEC filings (2008).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe