The relatively nominal raises seen in CEO pay at the largest companies are also being reflected in boards’ increases to their own pay plans. Compensation consulting firm Willis Towers Watson reports that among 300 Fortune 500 companies, total direct compensation for directors grew 2% at the median, to roughly $260,200, from 2016 to 2017.
Among the 300 companies reviewed in the study, just over one third, or 34%, increased cash, equity or both components of director pay. Median cash retainers rose 6%, from $90,000 to $95,000, while equity grants increased 2%, from $147,650 to $150,000.
However, while modest increases to cash and equity components seem to be following a normalized formula year over year, boards are still granting larger, targeted increases to committee chairs’ and lead directors’ retainers. This happens in cases where board members hold time-intensive leadership and committee chair roles concurrently.
Nearly 40 S&P 500 firms included security costs in their CEOs' perk packages last year,…
Within the next five years, major corporations from JPMorgan Chase to The Walt Disney Co.…
Artificial intelligence is the single-largest area that boards have devoted time to in the last…
The chiefs of America’s biggest companies reached new pay heights in 2023 as stock awards…
Elon Musk didn’t just upend the global auto business and space missions. The billionaire is…
In 2023, the leaders of America's largest companies saw their compensation packages soar to unprecedented…