The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Board Pay is Up as Directors Log More Hours Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 29, 2004

Board Pay is Up as Directors Log More Hours

by: Caitlin  Pickall

The Wall Street Journal reported results of two new studies on mutual fund director compensation this week. Equilar, Inc. and Management Practice, Inc. mined public information in regulatory filings and conducted surveys to compile information on director pay.

The Management Practice study found that, at the 50 largest fund families, median compensation rose 13 percent in 2003, from $113,000 to approximately $128,000. The increased compensation wasn't free money though; work hours at those families increased from 300 to between 400 and 450.

Pay on smaller fund boards went up by a higher percentage. Median director pay increased 18% to $47,063 at firms managing between $5 billion and $10 billion.

The very highly compensated took home pay more than ten times the median. One of the highest paid board members, Joseph S. DiMartino, received $800,306 from Dreyfus last year for serving as chairman of the funds' boards.

The article also discusses data on directors' fund ownership.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use