RPI Prez No. 8 in Corporate Board Pay

by E Wayne Ross on February 15, 2010

Bloomberg: Sarbanes-Oxley Lifts Some Directors’ Pay Higher Than $1 Million

Feb. 12 (Bloomberg) — The Great Recession hasn’t stopped pay increases for company boards. According to compensation consultants Pearl Meyer & Partners, the typical director of a large corporation made $216,000 last year, up from $129,667 in 2003…

Shirley Ann Jackson 2008 board pay: $1,346,648 (Public Service Enterprise Group, $213,110; NYSE Euronext, $225,016; Medtronic, $193,275; FedEx, $210,548; IBM, $229,699; Marathon Oil, $275,000) Jackson’s day job is pretty lucrative, too. As president of Rensselaer Polytechnic Institute, she was paid $1.6 million in 2008. She was unavailable for comment.