08 Dec Seats of Power: Going Overboard
One sign that directors are playing a greater role is they are often paid what looks like a full-time employee’s salary – and a well-paid employee at that. The median household income for a family of four in New York is $69,000; in 2005, the average board member at Long Island’s 10 biggest public companies was paid $104,000, according to a Long Island Business News analysis of Securities and Exchange Commission documents.
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