Variable | Mean | Correlation of Incentive Pay | Correlation of Total Compensation |
Option Grants | $7,988,978 ($714,688) | 1 | 0.58 |
Total Compensation | $31,088,873 ($1,795,605) | 0.58 | 1 |
Size (Total Assets) | $1,030,082,860 ($6,311) | 0.10 | 0.15 |
Growth (Equity) | $569,321,000 ($2,725.876) | 0.00 | 0.02 |
Net Income | $75,308,000 ($690.88) | 0.07 | 0.12 |
Age | 40.00 years (23.23 years) | 0.10 | 0.19 |
Tenure | 2.5 years (5.47 years) | 0.06 | 0.14 |
Education | Bachelor’s Degree | No corr. for categorical variables | No corr. for categorical variables |
Founder | 13.2% of firms (4.1) | No corr. for categorical variables | No corr. for categorical variables |
Celebrity | 5% of firms (3%) | No. corr. for categorical variables | No corr. for categorical variables |
Disruptive Technology | 13.5% of firms (3%) | No corr. for categorical variables | No corr. for categorical variables |
N = 431 Panel with 8148 usable observations 1993-2011 |
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