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View Diary: CEOs Panic! Their Lies About Pay Spring MAJOR Leak (111 comments)

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  •  Board pay has also gone up considerably (5+ / 0-)

    Some board members probably earn it, but I think there are a class of very pleasant, very intelligent, professional directors who would not see a point in rocking the boat.

    •  At $20,000 to $30,000 (0+ / 0-)

      a meeting?  No, they don't earn it.

      The banks have a stranglehold on the political process. Mike Whitney

      by dfarrah on Sun Sep 23, 2012 at 05:53:09 PM PDT

      [ Parent ]

      •  dfarrah - there are thousands of public companies (0+ / 0-)

        very few have board fees at that level. For most public companies the board fees are an order of magnitude less than the fees you listed.  

        "let's talk about that"

        by VClib on Sun Sep 23, 2012 at 08:01:12 PM PDT

        [ Parent ]

        •  Are they less? (0+ / 0-)

          I haven't done a survey, but I do internal audit at my company, so I see the payments [not to mention that the payments are public record].

          My company does about 450 million in revenues annually.  So, I just figured larger companies paid even more to board members.

          But I really don't have any idea of where companies sit on the continuum of public companies.  So, I have no idea of how many companies make 450 million in revenues.

          The banks have a stranglehold on the political process. Mike Whitney

          by dfarrah on Mon Sep 24, 2012 at 05:01:41 PM PDT

          [ Parent ]

          •  dfarrah - does your company pay (0+ / 0-)

            meeting fees of $20,000 or are you taking the total compensation of each board member and dividing it by the number of scheduled meetings (typically quarterly)? The typical meeting fee is $2,000 - $3,000. The total compensation is for a lot more than the scheduled in person meetings.

            "let's talk about that"

            by VClib on Mon Sep 24, 2012 at 07:35:30 PM PDT

            [ Parent ]

            •  I'm talking about (1+ / 0-)
              Recommended by:
              VClib

              each board meeting to each and every member.

              And on top of that, they each get compensated for each committee [audit, compensation, etc] they serve.

              I'll double check--it's possible that I read something wrong.  If I read the info wrong....well, how embarrassing....I'll have to take back all of my rants!  

              The banks have a stranglehold on the political process. Mike Whitney

              by dfarrah on Mon Sep 24, 2012 at 08:33:00 PM PDT

              [ Parent ]

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