Free

Directors get a raise at CA Inc.

We’ve said it before, but it bears repeating: When it comes to part-time work, sitting on a corporate board — especially at a large, publicly traded company — is hard to beat.

CA Inc. (CA), the company formerly known as Computer Associates, just bumped its directors’ annual fee up, by a cool $100,000, or 57%, to $275,000, according to this exhibit to the 10-Q filed at 4:32 p.m. on Friday.

Given that the board met 10 times last year (as well as in 2009), that’s an additional $10,000 per meeting. Granted, being a director is tougher than it used to be, but to put things in perspective: After just two meetings, each CA director will have earned more than the median U.S. household income.

At the same time, the company ratcheted the board chairman’s additional stipend down somewhat, to $100,000 from $175,000. So we suppose that counts as a little belt-tightening. Which could be a good thing, since operating income has fallen since the same quarter a year ago (and since last quarter), and net income has remained largely stagnant.

That said, CA directors aren’t the highest-paid we’ve seen overall: Before the raise, each earned just about $200,000 a year or less, according to the company’s most recent proxy. By contrast, also on Friday, Bally Technologies (BYI) filed its proxy, listing total pay to directors of between $325,000 and $445,000 each.

Image source: Nasdaq

————

See more of what’s in the filings: Check out FootnotedPro, where we highlight unusual opportunities and potential problems well in advance of the market. For more information or to inquire about a trial subscription, email us at pro@footnoted.com.