OTHER NEWS - Aug. 31, 1994
From Times Staff and Wire Reports
Scott Paper Co. to Pay Board Members in Stock: The company said it will link the compensation of its directors to the performance of the company by paying them solely in shares. The decision affects all directors who don’t hold staff positions with the paper producer. Travelers Inc., a financial services conglomerate, is the only other major company that compensates its board entirely in stock, Scott spokeswoman Greta L. Thomsen said. Scott has 11 directors and only two of them work for the company. Pending shareholder approval, the nine outside members will receive 1,000 shares annually.
