Being on the board of a publicly-traded company also opens yourself up to a lot of personal liability, as you're legally bound to act in the best interest of shareholders. I personally would not want the job; if I were wealthy & accomplished enough to be offered a board membership, I'd much rather have a quiet life out of the public eye than wrestle with concerns of a multi-billion-dollar enterprise that needs to satisfy many different constituencies. Being on the board of a non-profit, however, can be pretty cool. You usually don't get a salary for that though.
They have insurance for this tho, I thought. Its paid for by the company. That being said, once upon a time this was a much better job than it is today, but for other reasons.
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That's a pretty cushy salary - isn't? Anyone know how much a new Disney board member gets paid?
As of 2011, about $250k/year.
http://www.sec.gov/Archives/edgar/data/1001039/0001193125120...
But they were in the process of increasing it by about $30k, so probably closer to $300k/year now.
Is there a cushier job than being a board member?
Being on the board of a publicly-traded company also opens yourself up to a lot of personal liability, as you're legally bound to act in the best interest of shareholders. I personally would not want the job; if I were wealthy & accomplished enough to be offered a board membership, I'd much rather have a quiet life out of the public eye than wrestle with concerns of a multi-billion-dollar enterprise that needs to satisfy many different constituencies. Being on the board of a non-profit, however, can be pretty cool. You usually don't get a salary for that though.
They have insurance for this tho, I thought. Its paid for by the company. That being said, once upon a time this was a much better job than it is today, but for other reasons.
http://cdn.media.ir.thewaltdisneycompany.com/2013/annual/pro...
Sheryl Sandberg made $274K in 2012 being on the board at Disney as an example.
Don't imagine he cares about the money.