Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1898-05-27
DIRECTORS AND THEIR PAY.
Interesting Details Contained In a Novelty
in the Directory Line.

Interesting Details Contained In a Novelty
in the Directory Line.
A book of 600 pages devoted abso-
lutely to those products Of corporations
.-directors-ha been publ shed by the
Audit company of this city. Itisa nov
city so far as this country is concerned,
although a similar work has been pub
lished for several years in London. 1t
represents a 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 II. Coster Of j. p. Morgan
& Co, who is a director in no less than
SO corporations, nearly all Of them rail
road companies. Chauncey NJ. Depew,
however, approaches Mr.. Coster closely,
as he is a director in 5S companies, his
list including not only railroads, but
warehouse and storage company, dock
company. coal company, gas COM
pany, a telegraph company and insur-
ance and trust companies.
The members of the Vanderbilt fam
lily are we'll up in the list, Cornelius
Vanderbilt being a director in % COM
panies, William X. Vanderbilt in AZ
and Frederick w. Vanderbilt in 81. H.
Walter Webb holds directorships in 95
companies. J. Pierpont Morgan is d.
rector in 23 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 20. Edwin Gould be.
longs to 10 and Howard Gould to IL.
Daniel S. Lamont, Cleyeland's secre-
tary of war, who is now power in she
world Of finance is director in AZ
companies. Here is a list Of other we'll
known men and the number Of corpora
lions in which they are directors; John
Jacob Aston, ls companies; William
Waldorf Astor, Z; Samuel D. Babcock,
25; 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, l0i Coils
+. Huntington, 20; William j. Kelly,
"a; Edward Lauterbach, 10; Darius 0.
Mills, 49, John G.. Moore, 10; Levi P.
Morton, 8; John D. Rockefeller, q;
william Rockefeller, IA; John y
Searles, al; Samuel Sloan, 80; James
stillman, II; William L. Strong, g.;
Samuel Thomas, a4i William @, WIFI
ney, IA.
The biggest companies pay to their
directors $50 each for every meeting
they attend, and the fee becomes $40
and IS for the smaller companies. AS
least one very prominent fnancier
makes it a point never to accept di-
rector's place in any company that does
not pay 500 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-
muneration 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 sub
mission to the full board these meet
ings may be held two or three times
weekly or even daily and extend over
a considerable period. The committee
attendance fee is usually about one-half
of the regular directors fee.-New
York Sun.