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Board Director Pay Hits Record $251,000 for 250 Hours
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Pay for directors at Standard & Poor’s 500 Index companies rose to a record average of $251,000 last year, the sixth straight year of increased compensation since federal rules began requiring disclosure.
Boards have boosted pay for their members a total of 15 percent since 2007, data compiled by Bloomberg show. Fidelity National Information Services Inc. topped the list after handing out a $9.5 million retention bonus. News Corp. and Costco Wholesale Corp., which awarded some directors more than $1 million in consulting fees, came in second and third.