AOL's Newest Board Member Getting $250,000 Per Year

Alberto Ibarguen

AOL just switched up its board of directors. It added Alberto Ibarguen, while at the same time announced that William R. Hambrecht is leaving.

Ibarguen is CEO of the John S. and James L. Knight Foundation, which funds journalism and community projects. A pretty good fit for AOL, since it’s all about local, and journalism, now.

What does Ibarguen get for his troubles at AOL? He’ll be given $100,000 in cash, plus another $150,000 in equity, per an SEC filing.

As a board member, he’ll probably only have four meetings or so per year, which suggests he’s getting paid $62,500 per meeting.

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