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