PAY RAISES FOR CORPORATE DIRECTORS

The average director in a top United States financial corporation got a 16 percent pay jump to $19,800 last year. But the pay increase for directors of manufacturing companies was 9 percent to $24,000, according to an annual study by the Conference Board. The median figure for nonfinancial service firms stayed basically unchanged, at $17,600.

The study, covering 909 companies in 47 industries, showed 42 percent of the companies boosting pay for outside directors in 1988.

Jeremy Bacon of the board sees ``competitive pressure pushing director compensation higher.'' But he also notes that directors ``are putting in longer hours than ever before and making tough calls.''

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to PAY RAISES FOR CORPORATE DIRECTORS
Read this article in
https://www.csmonitor.com/1989/0410/fdir.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us