The average annual compensation for a director of a Fortune 200 company is $176,000. This is for a company that has not defrauded its investors nor declared bankruptcy.
Well, the directors of Enron, who actually run the company in lieu of a management team, just voted themselves a raise. The only full-time director is now paid $1,200,000 annually. The Vice Chairman gets $420,000 while the three other directors receive $300,000 a year. Not a bad deal.
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