TheCorporateCounsel.net

The members of the new Public Company Accounting Oversight Board are getting paid industry rates (or even better for some members no doubt, such as the Acting Chair who was working for the SEC before). Each of the four members will receive $452,000 per year – and the chair will earn $556,000 annually. With a budget of nearly $45 million, the Board intends to hire 200 staffers this year and 70 more next year. See a related Washington Post article at http://www.washingtonpost.com/wp-dyn/articles/A35261-2003Jan9.html.