[IP] Google Board
SAN FRANCISCO AP -- When Princeton University's president, Shirley
Tilghman, joined Google Inc.'s board of directors this month she also
joined the company's seemingly endless parade of wealth.
Instead of cash, the online search engine leader is paying Tilghman
as it does all its other directors -- with a bushel of prized stock
that eventually could turn her Google duties into a better-paying gig
than her job running an Ivy League school.
...Tilghman, a molecular biologist, received a $485,000 salary during
Princeton's 2002-03 school year, according to the most recent
available information from Guidestar.org, which tracks tax returns
filed by nonprofits such as the university.
The median compensation package for directors at companies in the
Standard & Poor's 500 was $139,060 during the fiscal year ending in
May 2005, according to Equilar Inc., a San Mateo, Calif., firm
specializing in compensation issues.
...If Tilghman gets lucky, she may get as rich as another Google
director from academia, Stanford University President John
Hennessey. When Google appointed Hennessey to the board 18 months
ago, he received 65,000 stock options now worth about $18 million.
Tilghman is the first woman on Google's board, joining Hennessey and
eight other wealthy men whose duties include attending most board
meetings -- 15 last year.
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