Compensation for Corporate Directors Rises Modestly in 2008

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Published in Business Wire September 16, 2009

With the country’s economy still battling to pull out of a recession, directors on the boards of America’s largest companies in 2008 realized modest changes in their annual compensation packages. According to an annual review by Towers Perrin of total director compensation at Fortune 500 companies, 2008 pay packages rose by a median of just 3% from 2007 rates — a modest increase compared to the median annual pay increases near 10% seen in recent years.

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