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Fat Cats’ Friend?

Fat Cats’ Friend?

by Rick Turoczy on August 21, 2006

The sheer volume of Johnson’s board work is cause for concern in some quarters. “We start raising a red flag when we see a director on four boards,” says Hodgson.

The ISS sees the limit as seven. But since the implementation of the Sarbanes-Oxley law, which increases director workloads substantially, it has become increasingly rare for anyone to serve on more than two corporate boards, says ISS Executive Vice President Patrick McGurn.

But if the high number of boards Johnson serves on is an anomaly, his apparent taste for generous pay packages might not be. Academic research suggests that when highly compensated CEOs and former chief executives become board members, they favor generous pay packages for other CEOs.

Fat Cats’ Friend?

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