Oil prices are not the only thing that have been surging in the U.S economy. Directors' pay is rising almost as fast as the price of fuel.
The U.S economy may be stuttering over the effects of oil prices and the aftermath of hurricanes Rita and Katrina, but when it comes to boardroom pay, the only way, it seems, is up.
According to consultancy Pearl Meyer & Partners, the average compensation package for a director of a major U.S company surged to more than $195,000 last year, the second year of double-digit growth.
Increased responsibilities and the challenge of finding, and keeping, the right people were fuelling this growth, the research suggested.
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