1. Director Compensation Climbs as Companies Pay for Experience

    Director Compensation Climbs as Companies Pay for Experience

    As compensation for corporate directors shifts more towards paying outside experts for their contributions, S&P 500 board members got a raise of almost $5,000 in 2016, reaching a median of $254,700, according to a study by Mercer, a consulting firm. The biggest winners work in the tobacco industry, led by Louis Camilleri, the non-executive chairman of Philip Morris International ( PM ) , who earned more than $2.7 million in 2016, according to analysis by BoardEx, a relationship mapping service of TheStreet Inc . "Over the past five years, there has been an increase in compensation," Ted Jarvis, global director ...

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    1. Cutting out additional payments demonstrates a change in pay philosophy, from pay-for-attendance to pay-for-commitment.
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