Here are the highest-paid boards in the S&P 500. 20. Wells Fargo & Co. No. 14 in the S&P 500 by market capitalization (as of Oct. 14) Total board compensation: $5,111,575 Median director pay: $346,027 19. Comcast Corp. No. 22 in the S&P 500 by market capitalization Total board compensation: $5,119,969 Median director pay: $446,479 18. Celgene Corp. No. 52 in the S&P 500 by market capitalization Board compensation: $5,317,230 Median director pay: $575,794 17. Salesforce.com No. 94 in the S&P 500 by market capitalization Total board compensation: $5,405,437 Median director pay: $599,493 16. Boston Properties Inc. No. 229 in the S&P 500 by market capitalization Total board compensation: $5,552,490 Median director pay: $207,000 15. Reynolds American Inc. No. 114 in the S&P 500 by market capitalization Total board compensation: $5,636,392 Median director pay: 447,843 14. General Electric Co. No. 8 in the S&P 500 by market capitalization Total board compensation: $5,722,804 Median director pay: $299,561 13. Freeport-McMoRan Inc. No. 323 in the S&P 500 by market capitalization Total board compensation: $5,758,734 Median director pay: $414,209 12. Philip Morris International Inc. No. 27 in the S&P 500 by market capitalization Total board compensation: $5,823,492 Median director pay: $350,000 11. Oracle Corp. No. 35 in the S&P 500 by market capitalization Total board compensation: $6,240,529 Median director pay: 588,486 10. Goldman Sachs Group Inc. No. 65 in the S&P 500 by market capitalization Total board compensation: $6,275,470 Median director pay: 595,104 9. PVH Corp. No. 403 in the S&P 500 by market capitalization Total board compensation: $6,624,750 Median director pay: $225,036 8. Roper Technologies Inc. No. 250 in the S&P 500 by market capitalization Total board compensation: $6,767,760 Median director pay: $757,640 7. News Corp. No. 479 in the S&P 500 by market capitalization Total board compensation: $6,839,468 Median director pay: $237,250 6. Medtronic PLC No. 34 in the S&P 500 by market capitalization Total board compensation: $7,095,429 Median director pay: $617,488 5. Allergan PLC No. 45 in the S&P 500 by market capitalization Total board compensation: $7,983,781 Median director pay: $554,718 4. Twenty-First Century Fox Inc. No. 165 in the S&P 500 by market capitalization Total board compensation: $10,123,538 Median director pay: $312,000 3. Vulcan Materials Co. No. 290 in the S&P 500 by market capitalization Total board compensation: $11,054,881 Median director pay: 274,601 2. Vertex Pharmaceuticals Inc. No. 227 in the S&P 500 by market capitalization Total board compensation: $11,914,994 Median director pay: $1,231,416 1. Regeneron Pharmaceuticals Inc. No. 159 in the S&P 500 by market capitalization Total board compensation: $18,561,936 Median director pay: $2,061,604 http://dailymagazine.news/the-20-highest-paid-boards-of-directors-in-the-s-p-500-nid-313370.html PS Berkshire Hathaway board pays $2k + a box of Sees Candy during Christmas
Not sure what your point is? If you want to get people who are earning several million a year to sit on your board and devote substantial time and expertise in overseeing your company as well as exposing themselves to personal liability and reputational risk if the company goes south you're going to have to compensate them. If you're a mid-level company you need to pay even more because the cachet isn't there from the brand. A couple good directors can add billions to a company's value. Not to be mean, but while $250,000 may seem like a substantial amount of money to you, you're not the kind of person these companies are trying to attract to their boards.
What surprised me is that there was a 'median pay'. I always thought that compensation for each Director was the same for everyone. I guess not. 250K, 500k, $1MN to be a Director.....that's a cool part time job. BTW.....you are not just paying for their expertise, you are also getting their political and social connections.
You deduced a hidden meaning where there was none. I posted it for educational purposes, DallasCowboysFan said he learned something. I agree $250k is not a substantial sum for multi millionaires.