Pay Pals

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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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Daniel F. Akerson

Daniel F. Akerson

  • Between 2008 and 2012 he made
  • $1,359,604
  • as a director, more than 68% of all directors
  • Paid CEOs an average of
  • $19,797,271
  • in the last year of his directorship, more than 66% of all directors
  • Increased CEO pay by an average of
  • $2,356,707
  • between 2008 and 2012, more than 62% of all directors
  • Shares of his companies increased by
  • 1.2%
  • between 2008 and 2012, better performance than 59% of all directors

The Daniel F. Akerson Stock Index

From January 2008 to December 2012, if you bought shares in companies when Daniel F. Akerson joined the board, and sold them when he left, you would have a 1.2 percent return on your investment, compared to a -2.8 percent return from the S&P 500.

Daniel F. Akerson's companies

General Motors

July 1, 2009 to July 26, 2016

Other board members at General Motors during this time were Carol M. Stephenson, Cynthia A. Telles, David Bonderman and 10 more.

His Yearly Director Pay
Yearly Payments to CEOs
MEDIAN

American Express

Jan. 1, 1995 to April 30, 2012

Other board members at American Express during this time were Charlene Barshefsky, Edward D. Miller, Frank P. Popoff and 11 more.

  • 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.

* Year where CEO pay is prorated because they were an employee before or after their tenure as CEO.

Sources: Google Finance, Yahoo Finance, American Express SEC filings (2008, 2009, 2010, 2011, 2012), General Motors SEC filings (2009, 2010, 2011, 2012).

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