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