===Running Notes and Ideas===
This is a collection of ideas I develop while conducting the literature review. Comments and edits, as well as new ideas are appreciated here. [http://www.appropedia.org/File:Starting_Notes.pdf Starting Notes]
*Why do CEOs in utilities make less? should they be making more?
*Gather data on many firms from both electric utilities and non-regulated industries.
*compare how solar effects CEO pay
*Based on other paper I know what factors affect CEO pay. I can compare current utility company conditions to past conditions and to non-utility conditions. If utility companies have grown closer to non-utility companies recently, the CEOs should be paid closer to the industry standard. if the opposite, they should be paid less or equal.
=Literature Review of CEO Utility Pay=
*Looks at many industries, but has lots of data on electric utilties
*Sample of 2,000 CEOs from 1970 to 1990
*CEOs of regulated firms earn
more than those in unregulated firms
*CEOs of electric utilities earn 30-50 percent of the compensation of CEOs in unregulated industries, with all other factors being the same
:*CEOs in electric utilities earn 40-50 percent of normal CEOs for Salary and Bonus
*CEO total compensation is given as the total of salaries, bonuses, grant date value of restricted stock awards, and grand date Black-Scholes value of granted options, and other pay (premiums for insurance policies and medical expenses).
*Results support the view "that concentrated ownership structure substitutes for CEO performance-based compensation contracts."