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The Effect Of Age Upon Ceo Compensation: A Cross-Industry Study, Anthony Bouvier
The Effect Of Age Upon Ceo Compensation: A Cross-Industry Study, Anthony Bouvier
CMC Senior Theses
The compensation of CEO’s has been at the forefront of the public’s mind for the past few years. During the recession, one could not go a day without hearing about the atrocious salaries and bonuses that executives were being paid. Although it only recently became an explosive topic, academics have been researching all aspects of compensation for many years. One of the earliest looked at the idea of pay for performance (Jensen and Murphy 1990), and the field has taken off from there. Many studies have been done on the determinants of compensation, and I was interested in how age …
The Impact Of Ceo Compensation On Firm Performance In The Oil Industry, Christophe M. Bindert
The Impact Of Ceo Compensation On Firm Performance In The Oil Industry, Christophe M. Bindert
CMC Senior Theses
Critics often cite poor executive compensation schemes as one of the leading causes of the recent credit crisis. This paper investigates whether compensation structures at the end of the 2006 fiscal year created incentives for Chief Executive Officers (CEOs) in the oil industry to take on excessive risk, which subsequently may have lead to weaker firm performance during the crisis. I find no evidence to support the argument that higher pay sensitivity through option and other incentive awards lead to worse firm performance. In fact, results do not provide any evidence that company performance during the crisis was related to …