Photo by Ryan Holloway Adding to the deluge of summertime city rankings, a study on CEO compensation has found that local bigwigs are overpaid compared to those in other cities and despite company performance. The Washington Business Journal reports that the study by BDO USA, which looked at the top 25 performing companies in each city, ranks the D.C.-area second in compensation (salary, bonuses, stock options, etc.) raises for CEOs, 37 percent from 2008…