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Women Directors Earn More Than Men
In its annual director pay survey, The Corporate Library (a corporate governance and executive compensation research group), reported the median earnings for female corporate directors is $120,000. Meanwhile the median compensation for male directors was $104,375 or $15,625 less.
"I was so surprised by the statistic," says Paul Hodgson, senior research associate for The Corporate Library, who authored the study, which looked at the pay of more than 25,000 directors at more than 3,200 companies.
After reading the article above I have to add that I have never been a fan of using the median value without noting the mean (average) as well. The median represents the middle most value in a list of all values irrespective of it's relationship to the values above and below it.
In the following example the median for both is $120,000 while the values in the "men" column average quite a bit more than their counterparts ($150,000 vs. $120,000).
| Men | Women | ||
|---|---|---|---|
| $240,000 | $190,000 | ||
| $205,000 | $155,000 | ||
| median | $120,000 | median | $120,000 |
| $105,000 | $75,000 | ||
| $80,000 | $60,000 | ||
According to the report, more than 80 of the members interviewed made over $1 million for a single board seat. If those were all men you can easily see how the average would be skewed.
Either way, not meaning to paraphrase a cigarette company's tag line, you've come a long way.
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