Are company founders underpaid?

Author: Tzioumis, Konstantinos

Source: Applied Economics, Volume 45, Number 18, 1 June 2013 , pp. 2527-2536(10)

Publisher: Routledge, part of the Taylor & Francis Group

Buy & download fulltext article:

OR

Price: $54.28 plus tax (Refund Policy)

Abstract:

This article examines the relation between founder status and CEO compensation in publicly listed US firms. The results suggest that CEO/founders receive lower cash pay and total compensation compared to professional managers. In contrast, CEOs who are relatives of the founders receive similar cash pay and total compensation to that of professional managers. Different compensation levels also emerge in terms of stock option awards. The findings underline the importance of distinguishing among these three CEO types when examining the determinants of executive compensation.

Keywords: G30; J33; M52; executive compensation; founders; repricing; stock options

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036846.2012.669463

Affiliations: Compliance Risk Analysis Division, Office of the Comptroller of the Currency, Washington, DC 20219, USA

Publication date: June 1, 2013

More about this publication?
Related content

Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content

Text size:

A | A | A | A
Share this item with others: These icons link to social bookmarking sites where readers can share and discover new web pages. print icon Print this page