Corporate Boards Provide Big Benefits to Presidents but Also Carry Big Risks

University presidents are attractive candidates for corporate boards. Their credentials and their university's name lend an air of academic prestige to the companies they oversee.

Presidents are typically well compensated for their service on board of directors, earning at least six figures each year in cash fees and stock awards. It can be a good gig, considering that most boards meet about a dozen times per year, with additional meetings for subcommittee members.

The role can

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