May
05
New Jersey Bank Pays Directors More Than at Any Finance Firm
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Investors Bancorp directors paid average $3.85 million in 2015
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Median pay for directors at Russell 3000 companies is $184,000
Short Hills, New Jersey, is among the richest communities in the U.S. The directors of a local savings and loan get paid accordingly.
Members of Investors Bancorp’s board made an average of $3.85 million in 2015, the company reported in an April proxy statement, eclipsing director pay at every Wall Street firm. Among companies in the Russell 3000 Index, only directors at Regeneron Pharmaceuticals Inc. fared better. Board members at both companies saw their paydays swell thanks to grants of stock and options….
New Jersey Bank Pays Directors More Than at Any Finance Firm
