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That's shocking.Yes. Though as a rule I think that directors ARE underpaid.
Look at superstars like Tom Cruise. They might make $20 million per picture.
Then look at a director like David Fincher. He's one of the superstar directors. A Tom Cruise of directing, if you will. But he asked for $5 million to make Steve Jobs and the studio told him to fuck off and hired Danny Boyle instead.