Compensation for corporate directors rises sharply

by Gary Strauss for USA Today, March 4th, 2011.

One of corporate America’s cushiest jobs is becoming even more lucrative.

Compensation for corporate directors is rising sharply, a USA TODAY analysis of early 2011 proxy filings finds. Behind the gains: higher cash retainers, fees and rising values of stock and stock option grants.

Most companies say they’re raising pay to keep and recruit directors facing bigger workloads. But while corporate governance experts say there’s more regulatory oversight and investor scrutiny in the wake of financial woes at firms from Enron to GM, seats on company boards are still considered plum jobs.

“People are standing in line for these jobs because of the prestige, the pay and the opportunities on a part-time basis,” says Eleanor Bloxam of corporate watchdog The Value Alliance. (continue reading… )




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