Despite efforts by shareholder advocacy groups to tamp down on mutual fund board members’ salaries, compensation packages of trustees at the 50 largest fund companies in the first two quarters increased by 8%, The Wall Street Journal reports.

Directors who oversaw 50 to 69 funds last year received average wages totaling $100,000, which firms attributed the additional work generated by new regulatory demands stemming from New York Attorney General Eliot Spitzer.

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