Variable | Mean | Correlation of Salary |
Salary | $ 6,466,235 ($182,848) | 1 |
Option Grants | $ 7,988,978 ($714,688) | 0.18 |
Total Compensation | $31,088,873 ($1,795,605) | 0.42 |
Size (Total Assets) | $1,030,082,860 ($6311) | 0.92 |
Cost of Goods Sold | $644,366,000 ($3271) | 0.94 |
Long-Term Debt | $183,866,000 ($1000) | 0.88 |
Net Income | $75,308,000 ($690.88) | 0.76 |
Operating Income | $185,984,000 ($1170.84) | 0.90 |
Research and Development | $100,216,000 ($25,173) | 0.23 |
Sales Growth | 17.8% (2.58%) | 0.03 |
Stock Returns | 10.8% (26.42%) | 0.71 |
Age | 40.00 years (23.23 years) | 0.85 |
Tenure | 2.5 years (5.47 years) | 0.87 |
Education | Bachelor’s Degree | |
Founder | 13.2% of Firms (4.1%) | |
Celebrity | 5% of Firms (3%) | |
Disruptive Technology | 13.5% of Firms (3%) | |
Return on Equity | 9.5% (9%) | −0.02 |
Debt to Assets | 6.5% (0.26%) | 0.19 |
N = 431 Panel with 8148 Usable Observations 1993-2011 | Standard Deviations in Parentheses |