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Membership on a company's board of directors used to seem like a real plum -- little work, lavish pay. But potential candidates are now begging off in unprecedented numbers, spooked by the threat of lawsuits over corporate misdeeds that could decimate their savings. Their fears aren't so far-fetched. "It used to be that the insurers would simply cut a big check," says Howrey Simon Arnold & White partner Kirk Pasich. "That's all changed."
August 30, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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