The Real Deal Miami

Builder board gives up payment

December 29, 2008 10:13AM

WCI Communities, the troubled developer, reported that five members of
its board of directors will not take compensation for their duties in
2009. A Securities and Exchange Commission filing said Chairman Carl Icahn,
along with board members Don Ackerman, Nicholas Graziano, Keith Meister
and Vincent Intrieri, will serve without getting paid next year.
Hilliard Eure III and Jonathan Macey each agreed to receive reduced
annual director compensation totaling $50,000 for 2009, to be paid in
cash on a quarterly basis, the filing said.