The almighty dollar…

Imagine how far $80,000 would go at a Dollar Tree (DLTR) store, a fast-growing chain where many items cost a buck. That’s what company directors will start receiving next year under the company’s revamped director compensation plan that the company detailed in its recent 10-Q.

Up until recently, directors had only received $16,000 a year compared with the $20K a quarter they’ll start receiving in 2005. The raise means that Dollar Tree’s directors will be very well compensated — they’ll make 25% more a year than directors at Wal-Mart Stores (WMT), a slightly larger company. Wal-Mart, whose market cap is over $200 billion (compared with Dollar Tree’s $3 billion) pays its directors $60K a year.