Erskine Bowles pulled in around $345,000 serving on the board of directors at Morgan Stanley in 2011. That breaks down to about $6k per hour of work actually performed. It would take someone earning minimum wage over 827 hours to earn that same amount; or over 65 hours for the median lawyer. And Morgan Stanley lost value under his and the other board members watchful eyes.
It’s time to shine a light on corporate board members who rake in big $ even when the companies they oversee go under. Help CEPR raise $17,000 (less than three hours of Erskine Bowles’ time) to launch Director Watch.