Here are figures from a dozen publicly traded companies, ranked by most recent net earnings, high to low. The average directorship compensation package is $681,541:
Oracle
Net Earnings FY 2011: $8.55 billion
Average Director Compensation: $725,589
Hewlett-Packard
Net Earnings FY 2011: $7.07 billion
Average Director Compensation: $941,802
Occidental Petroleum
Net Earnings FY 2011: $6.64 billion
Average Director Compensation: $645,242
Freeport-McMoRan Copper & Gold
Net Earnings FY 2011: $4.56 billion
Average Director Compensation: $541,836
Northrop Grumman
Net Earnings FY 2011: $2.12 billion
Average Director Compensation: $696,717
Tyson Foods
Net Earnings FY 2011: $750 million
Average Director Compensation: $542,013
Amazon.com
Net Earnings FY 2011: $631 million
Average Director Compensation: $898,993
Fidelity National Information Services
Net Earnings FY 2011: $469.6 million
Average Director Compensation: $849,691
Ball
Net Earnings FY 2011: $444 million
Average Director Compensation: $563,954
Salesforce.com
Net Earnings FY 2011: $64.5 million
Average Director Compensation: $690,053
Chesapeake Energy
Net Earnings FY 2011: -$28 million
Average Director Compensation: $533,163
Alpha Natural Resources
Net Earnings FY 2011: -$677.39 million
Average Director Compensation: $549,445
http://247wallst.com/2012/06/07/the-12-companies-with-the-highest-paid-boards-of-directors/#ixzz23T4kq1N5A 2011 study by accounting firm BDO USA noted a median change increase in director compensation to $110,155 across a sample of 600 middle market-sized companies.
“Health-care sector directors saw the sharpest increase at an average of 13.3% while technology and energy industry directors have remained the highest paid since 2008 at $149,428 and $139,930, respectively. The lack of equity profits resulted in financial services directors earning an average of just $77,022 per directorship while banking directors earned just $50,284.”
http://www3.gmiratings.com/2011/06/director-pay-rising-at-mid-market-boards/This link shows a pie chart analyzing compensation package breakdowns. Note that the average annual retainer in 2010 is $67,262 to which fees, meeting compensations, committee fees, and other forms of compensation are added:
http://www.compensationforce.com/2010/06/new-study-covers-outside-director-compensation.htmlConsider that from tithing alone the Mormon church makes $6-8 billion a year, tax-free. Now consider that most members of the Q12 sit on the board of directors of more than one church-owned company within the corporate umbrella, with individual directorship compensations estimated to range between $67,000 and $681,541 per annum. These guys are probably each pulling down anywhere from $67,000 to several million per year from directorships alone.
You have to figure that the newer members of the Q12 like Anderson, Christofferson, and Cook are going to be on the low end of that compensation scale, but the higher-ups with real seniority, like Packer and Perry, are definitely going to be sitting on some nice cozy compensation packages…and that isn’t even getting into the rampant nepotism on intra-cult connections that benefit offspring and relatives handsomely.
How much does the 1stP get paid? You have to figure how much Mormons Inc. is worth. I've read estimates here that the corporation and all its holdings are valued at well over $100B. Is that fair? Let's say Mormons Inc. is worth $100B just for $#!ts and giggles. Now let’s do a comparison of Mormons Inc. with other corporations and industries of similar value, whose CEO compensation we know:
Here were the 2009-2010 compensation package values of the 18 highest-paid CEOs of publicly-traded companies with a market cap valued at between $60B and $160B:
PM Philip Morris Int'l., $156B, Louis C. Camilleri (2010) $21,656,906
ORCL Oracle Corp., $154B, Lawrence J. Ellison (2010) $70,143,075
JPM JPMorgan Chase & Co., $140B, James Dimon (2010) $20,816,289
MRK Merck & Co., $135B, Richard T. Clark (2009) $16,838,367
VZ Verizon Communications Inc., $127B, Iva G. Seidenberg (2010) $18,166,006
QCOM Qualcomm Inc., $105B, Paul E. Jacobs (2010) $17,626,939
ABT Abbot Laboratories, $104B, Miles D. White (2010) $25,564,283
CSCO Cisco Systems Inc., $93B, John T. Chambers (2010) $18,871,875
CMCSA Comcast Corp., $92B, Brian L. Roberts (2010) $31,058,959
DIS Walt Disney Co., $80B, Robert A. Iger (2010) $29,617,964
OXY Occidental Petroleum Corp., $74B Ray R. Irani (2010) $76,107,010
KFT Kraft Foods Inc., $72B, Irene Rosenfeld (2010) $19,287,983
MO Altria Group Inc., $71B, Michael E. Szymanczyk (2010) $24,046,719
UTX United Technologies Corp., $71B, Louis Chenevert (2010) $22,086,161
COP ConocoPhillips, $69B, James J. Mulva (2010) $17,932,895
APX American Express Co., $63B, K.I. Chenault (2010) $16,813,272
AMGN Amgen Inc., $63B, Kevin W. Sharer (2010) $21,138,133
USB US Bancorp, $62B, Richard K. Davis (2010) $18,771,205
http://chiefexecutive.net/top-100-ceo-pay-packages-among-public-companieshttp://finance.yahoo.com/q/ks?s=AXP%2C+&ql=1Removing the outrageous Ellison/Irani outliers, these other 16 CEOs were compensated an average of $21,268,372 in 2010.
Are you going to sit there with a straight face and tell me you actually believed Gordon B. Hinckley’s smug, smirking mug when he said Mormon bigwigs are given "living allowances […], which are very modest in comparison with executive compensation in industry and the professions,”...?
Mormons Inc. doesn't have to tell what they're forking out for their executive salaries, and they won't. But even if he's making HALF of what the average highest-paid CEOs of $100B corporations are pulling down, Tommy Monson is pulling down $10 million a year. Even if he's making half of THAT, it's still $5 million a year, plus all the perks like free diaper service.
IMHO that so-called "modest compensation" base needs to be jacked up to well above those bottom-end five-to-six measly figures everyone tosses around to even come marginally close to the wad of dough Brother T.S. Monson, Chief Huckster Extraordinaire, is probably laughing all the way to the bank with, jammed down the front of his Depend® Adult Undergarment.
Or do you think its direct-deposit? The money, I mean.