The pitch for Superman was rejected repeatedly before it was accepted. National Allied Publications was not the first publisher Siegel and Shuster approached; the concept was turned down by multiple companies over a period of years before it was finally purchased. The publication history as it actually unfolded was, according to the publisher Jack Liebowitz’s later recollection, something close to an accident of deadline: the publisher needed content quickly, and Superman was available. Liebowitz described the decision to use Superman as “a pure accident driven by deadline pressure.” Whether this account is entirely accurate—publishers sometimes minimize creative decisions in retrospect—the point is that what became one of the most successful franchises in entertainment history was nearly rejected multiple times before it found its outlet.

The $130 paid to Siegel and Shuster for their thirteen pages—and for all rights to the character—was a market rate for the time, for work whose commercial potential was unknown. It was not a deceptive underpayment in the contemporary sense; it was a standard work-for-hire arrangement of the kind common in the period. What made it extraordinary was what happened next: Superman became enormously valuable, and the creators received none of that value.

Siegel and Shuster spent decades filing lawsuits and advocating for credit and compensation. They achieved partial victories at various points—recognition of their creator credit in some materials, a modest pension arrangement with DC’s parent company in the 1970s after a public campaign that embarrassed the publisher—but the fundamental ownership of the character they created remained with the company. The legal battles continued after their deaths, fought by their estates and heirs, with periodic court rulings and settlements that kept portions of the dispute unresolved for decades.

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