Looking for a good-paying job?
You could do worse than serve as a director of a Fortune 500 company.

Equilar, a compensation research firm, analyzed the pay of directors at Fortune 500 companies. Excluding those who are also employees, researchers found that median director compensation was $173,640 in 2007.

That was up 7.2 percent from 2006.
Now being the director of a big public company isn’t really a job. You’re not punching in there everyday.
But you do have to like meetings. You have to attend 10 or so meetings of the full board. You may be on a committee or two that meets several times a year.
You don’t get a salary, but something like it: a retainer. Equilar said the median value of cash retainers rose to $60,000 in 2007 from $50,000 the previous year.
Besides the cash, board members usually receive equity compensation, such as stock options. The median value was $103,389 in 2007.
Many companies even pay directors for attending meetings. Thank goodness, this practice is on the decline. Equilar’s analysis shows 52 percent of the 425 companies it examined provided meeting fees, down from 57 percent in 2006.
Longtime CEO

Richard E. Murray will step down as president and CEO of Kennedy Health System in Voorhees next June.

Murray has spent 30 years at the health system, which consists of hospitals in Cherry Hill, Stratford and Washington Township. Talk about longevity. He’s been CEO for 17 years.

His successor will be Martin A. Bieber, who joined Kennedy as senior vice president of operations in 2006.

Quotable
“The $2 they give to the airline now, they would have given to me for one bag. Now passengers check two bags and give you $5. Four dollars goes to the airline and $1 goes to me. But I’m out here doing all the work.”
- Donald Chandler, a skycap at Philadelphia International Airport, on the change since the airlines began charging baggage fees.