Corporate Boards Gone Wild
New study questions perks, pay for company directors.
Feb. 23, 2010— -- For every corporate accounting scandal, overpaid CEO or episode of imprudent risk taking, there's usually one common denominator — a board of directors who signed off on it.
And while corporate boards, many of them dominated by retirees, have not had the kind of negative attention reserved these days for the Wall Street set, a new report highlights a number of questionable practices going on in America's boardrooms that are not in shareholders' best interests. The report, released earlier this month by the Portland, Maine-based independent research group The Corporate Library, raises serious concerns about just how conflicted the boards of publicly-traded companies have become.
Among the examples of perks for directors:
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