Directors get another post-Sarbox pay raise

We've discussed at length the fact that a job on a board is not the cushy sinecure it used to be. These days, it's a bitterly hard job. Not to worry: Directors have given themselves a nice raise to compensate a bit for the added liability and headaches. In the service sector, pay rose to $106,250 from $81,875, according to the latest Conference Board survey. At the largest companies, the increases were likely even higher. So all in all, risks noted, it's still pretty good part-time work if you can get it. Compensation and audit committee members were likely the biggest beneficiaries. Board members usually attend six all-day, full board meetings a year. Some absences are excused. The committee work can take more time.

For more on the survey:
- Here's an article from CNNmoney.com