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 June 2009 to May 2011, if you bought shares in companies when William P. Boardman joined the board, and sold them when he left, you would have a 10.1 percent return on your investment, compared to a 44.4 percent return from the S&P 500.
June 1, 2009 to May 1, 2011
Other board members at Bank of America during this time were Brian T. Moynihan, Charles K. Gifford, Charles O. Holliday, Jr. and 19 more.
The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.
Sources: Google Finance, Yahoo Finance, Bank of America SEC filings (2009, 2010, 2011).
By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe