Pay Pals


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.

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Ellen v futter

Ellen V. Futter

Ellen V. Futter

  • Between 2008 and 2012 she made
  • $202,364
  • as a director, more than 14% of all directors
  • Paid CEOs an average of
  • $29,692,048
  • in the last year of her directorship, more than 91% of all directors
  • Decreased CEO pay by an average of
  • $0
  • between 2008 and 2012, more than 34% of all directors
  • Shares of her companies decreased by
  • 54.7%
  • between 2008 and 2012, better performance than 15% of all directors

The Ellen V. Futter Stock Index

From January 2008 to July 2008, if you bought shares in companies when Ellen V. Futter joined the board, and sold them when she left, you would have a -54.7 percent return on your investment, compared to a -14.2 percent return from the S&P 500.

Ellen V. Futter's companies

American International Group

Jan. 1, 1999 to July 21, 2008

Other board members at American International Group during this time were Frank Zarb, Fred H. Langhammer, George L. Miles, Jr. and 10 more.

Her Yearly Compensation
Yearly Payments to CEOs
  • Stock Performance is the difference between a director's stock index and the S&P 500.
  • A director's stock index is an unweighted index of company stock performances while they sat on the board.
  • CEO pay includes salary, bonuses, stock sales, and other payments.
  • Average CEO Pay is calculated using the last year a director sat on the board of each company.
  • Stock returns do not include dividends.
  • All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012.

The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.

Sources: Google Finance, Yahoo Finance .

By Shane Shifflett, Jay Boice, Hilary Fung and Aaron Bycoffe