A Look Inside the Sweetest Corporate Director Posts in America
- More than a dozen companies offer $500,000 to $1 million
- Responsibilities include an average eight meetings annually
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Outsize pay for chief executive officers has been a bone of contention among shareholder activists for years. What’s less known is that the directors on board-compensation committees -- the very people who decide to give out those large CEO salaries, bonuses, and stock grants -- also tend to pay themselves and other directors extremely well.
Regeneron Pharmaceuticals Inc.’s eight nonexecutive directors received average annual compensation of $1.9 million in stock and cash last year, making them the highest-paid board members at businesses in the Standard & Poor’s 500 Index, according to data compiled by Bloomberg from company filings. They met seven times.