S&P 500 board compensation rises 11% in 2008 -report |

S&P 500 board compensation rises 11% in 2008 -report

NEW YORK (MarketWatch) — Corporate directors saw their third year of double-digit increases for compensation in 2008, with median total compensation among Standard & Poor’s Fortune 500 directors at just under $200,000 annually, according to a Monday report from the Corporate Library. “The median increase in total board compensation was just under 11%, while the median increase in compensation for individual directors was slightly higher, almost 12%,” the independent research firm said. Median total board compensation for S&P 500 firms is now more than $2 million, the firm said. The Corporate Library survey is based on compensation data from more than 3,000 public companies and 23,000 directors.

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