Strategic Management Quarterly

The Examination of Top Manager Compensation System of NYSE Energy Companies
Dr. Yusuf Mohammed Nulla

Abstract
This study investigated CEO compensation system of NYSE energy companies. It tested the relationship between CEO compensation, firm size, accounting firm performance, and corporate governance, from 2005 to 2010. The totaled twenty five companies were selected through random sampling method from NYSE index companies. The research question for this study was: is there a relationship between CEO cash compensation, firm size, accounting performance, and corporate governance?. To answer this question, nine statistical models were created. It was found that, there was a relationship between CEO salary, CEO bonus, total compensation, firm size, accounting performance, and corporate governance. The correlations between CEO salary, CEO bonus, CEO total compensation, and firm size were ranged from moderate to strong positive ratios. The correlations between CEO compensation and firm performance were ranged from low negative to strong positive ratios. The correlations between CEO compensation and corporate governance were ranged from low negative to moderate positive ratios.

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