Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1898-05-21
DIRECTORS AND THEIR PAY.
Interesting Details Contained In a Novelty
In the Directory Limo.

IN Cne OlTeCLoTy Aiuc'
A book of 600 pages devoted abso-
lutely to those products Of corporations
-direotors-has been published by the
Audit company of this city. Itisa nov
city go far as this country is concerned,
although a similar work has been pub
lished for several years in London. It
represents directory Of directors, and
comprises the names Of many promi-
nent men, together with the corpora
tions which, as directors or trustees.
they rule. The greatest director OF them
all is Charles H. Coster of J.. P. Morgan
& Co., who is director in no less than
80 corporations, nearly all of them rail
road companies. Chauncey M. Depew,
however, approaches Mr.. Coster closely,
as he is director in 58 companies, his
list including not only railroads, but
warehouse and storage company, dock
company, coal company, gas COM
pany, telegraph company and insur-
ance and trust companies.
The members Of the Vanderbilt FAM
ily are we'll up in the list, Cornelius
Vanderbilt being a director in 81 COM
panies, William z. Vanderbilt in 42
and Frederick W. Vanderbilt in 81. b.
Walter Webb holds directorships in 35
companies. J. Pierpont Morgan is d.
rector in 20 companies, being in this
respect far outstripped by his partner,
Mr. Coster.
1t will doubtless surprise good many
to learn that Russell Sage is by no
means near the top of the list. He be-
longs to the boards of only "a corpora
tions. George J. Gould is one behind
him, belonging to 23. Edwin Gould be-
longs to IS and Howard Gould to II.
Daniel S. Lamont, Cleveland's secre-
tary of war; who is now d power in the
world of finance, is director in At
companies Here is list Of other well
known men and the number of corpora
tions in which they are directors: John
Jacob Aston, IS companies; William
Waldorf Aston, z; Samuel D. Babcock,
90; George F. Baker, 80; August Bel
mont 10; John D. Crimmins, 10; Ros-
we'll P. Flower, s; Henry o. Have
meyer, 4; Abram S. Hewitt, 10; Coils
P. Huntington, 20; William j. Kelly.
"a; Edward Lauterbach, 10; Darius Q.
Mills, IS; John G. Moore, 10; Levi P.
Morton, 8; John D. Rockefeller, q;
William Rockefeller, IA; John Z.
Searles, 81; Samuel Sloan, SO; James
Stillman, II; William L. Strong, 6;
Samuel Thomas, "a; William G. Whit
ney, IA.
The biggest companies pay to their
directors $40 each for every meeting
they attend, and the fee becomes $40
and SIS for the smaller companies. At
least one very prominent fnancier
makes it point never to accept d.
rector's place in any company that does
not pay $40 a meeting. He looks upon
his time as worth at least that Very
often the meetings are purely formal
and last only few minutes. Usually
regular meetings are held monthly or
quarterly, although in the case of banks
they may be weekly or oftener. The re-
IMMIGRATION of directors is still further
increased when they belong to commit
tees. They get paid when they attend
committee meetings. When there is
important work to be prepared for SUBJ
mission to the full board, these meet
ings may be held two or three times
weekly or even daily and extend over
q considerable period. The committee
attendance fee is usually about one-half
of the regular directors fee.-New
| York Sun.