November 18, 2005
College Presidents on Company Boards: Prestige, Money, and Risks
As president of Stanford University, John L. Hennessy made $562,177 in salary and benefits in 2003-4. But his annual pay from Stanford is only a small part of how he has added to his net worth. As a corporate-board member of three Silicon Valley technology companies, Mr. Hennessy, a computer scientist, is worth millions in stock options.
In April 2004, when Mr. Hennessy was elected to the board of Google, which runs the wildly popular Internet search engine, he received an option to
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