7 ms·
They are often named in lawsuits. The cushy $100k/yr can easily be eaten up by legal fees.
by formercoder 6y ago
They are often named in lawsuits. The cushy $100k/yr can easily be eaten up by legal fees.
- blaser-waffle 6y ago$100k a year is peanuts; Fortune 500 boards often go way higher. And board members usually sit on multiple boards, so that's more like 500k/yr, plus tiny stipends for sitting on the local YMCA board and the committee of the local orchestra. From posts further down: > For example, here is the one Alphabet published recently for 2020: https://abc.xyz/investor/static/pdf/2020_alphabet_proxy_stat.. https://abc.xyz/investor/static/pdf/2020_alphabet_proxy_stat.... and then a follow-up to that post where they pull out data from that link: > And then they have a table with concrete values for each director, on page 38. The median for 2019 is $428,298.
- nradov 6y agoNo they have D&O insurance for that. The Directors don't pay legal fees out of pocket.