Members of the West Indian Co. Ltd. governing board take home a staggering $1,500 stipend per board meeting, an amount that board chairman Joseph Boschulte defends as simply “in keeping with WICO tradition.”

On Wednesday, Boschulte confirmed the amount with The Daily News, adding that his own pay as chairman is $2,000 per meeting, and that WICO’s nine-member board averages six to eight meetings a year.

— Contact A.J. Rao at 340-714-9104 or email ajrao@dailynews.vi.