Leading Edge
THE
PUBLIC
RECORD Thursday, April 16
7:30 AM - 9:30 AM Brookfield Conference Center - 325 S. Moorland Rd. - Brookfield, WI 53005 When running a business, having a clear roadmap is critical to the future growth and development of your company. But why do most business plans fail? Jerry Jendusa, Co-Founder of STUCK LLC will lead this interactive program designed to help you create a more informed, agile and engaging strategic plan.
Register at mmac.org/calendar.html
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Which southeastern Wisconsin companies pay board directors the most? By Arthur Thomas, staff writer Berkshire Hathaway chairman Warren Buffett called attention to the growing compensation of board directors in his annual shareholder letter. “Director compensation has now soared to a level that inevitably makes pay a subconscious factor affecting the behavior of many nonwealthy members,” Buffett noted. He pointed out that as a director of Portland Gas Light in the 1960s he made $100 annually while directors now making $250,000 to $300,000 “for board meetings consuming a pleasant couple of days six or so times a year” now make three to four times the median annual household income in the U.S. Buffett did note the work of directors has become more complicated, but also pointed out that directors often don’t have incentives to challenge chief executive officers and company leadership. “When seeking directors, CEOs don’t look for pit bulls,” Buffett wrote. “It’s the cocker spaniel that gets taken home.” Among southeastern Wisconsin companies tracked by BizTimes Milwaukee, annual director compensation – comprised of cash and stock – ranges from $28,500 on the low end at Koss Corp., to $415,000 for the highest paid Fiserv Inc. director. On average, the lowest paid director at the 33 companies with available data makes $181,747 for board service. The average highest paid director makes $251,351 annually. Below is a list of area companies with the highest director compensations. n
April 13, 2020
Southeastern Wisconsin Public Company Director Compensation
Space Reservation: March 25, 2020
Company
Business in Washington County
April 27, 2020 Space Reservation: April 8, 2020 Contact Linda Crawford today! Phone: 414.336.7112 Email: advertise@biztimes.com 6 / BizTimes Milwaukee MARCH 16, 2020
Low
High
Fiserv
285,037
415,037
Enerpac Tool Group
280,008
402,061
Kohl's Corp.
243,750
394,989
MGIC Investment
263,000
355,000
ManpowerGroup
275,000
345,102
Harley-Davidson
235,000
343,477
Johnson Controls
275,000
330,000
Modine Manufacturing Co.
208,745
318,746
Snap-on Inc.
231,308
300,563
Associated Banc-Corp
195,000
296,500
Manitowoc Company Inc.
100,232
290,187
Rockwell Automation
252,305
288,223
Physicians Realty Trust
160,000
286,169
