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Mercer: Director Pay Unaffected by Economic Slowdown

Melissa Klein Aguilar | September 25, 2008

The tough times on Wall Street apparently haven’t yet hit corporate boardrooms. An analysis by Mercer of recent proxy filings at 350 companies shows corporate director pay continued to increase in 2007.

As other studies on the subject have also noted, Mercer points out that director pay has climbed as the responsibilities and risks of personal liability among directors have increased in recent years.

The study found that in Mercer’s Top 50 companies (with revenue of $40 billion or more) median total direct compensation for board members (pay for board and committee service, and equity grants) rose 4.2 percent in 2007 to $236,147, compared to 6 percent the prior year. For Mercer’s Large 150 companies ($7.4 billion or more in revenue), median board pay climbed 8.7 percent to $202,110, essentially the same increase as a year earlier. In Mercer’s Mid-150 companies (revenue of $1.2 billion or more), total...

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