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CEO Utility Pay Literature Review
- 1 Note to Readers
- 2 Background
- 3 Literature Review of CEO Utility Pay
Note to Readers
Please leave any comments on the Discussion page (see tab above) including additional resources/papers/links etc. Papers can be added to relevant sections if done in chronological order with all citation information and short synopsis or abstract. Thank You.
- Group Papers: http://www.appropedia.org/Queens_Applied_Sustainability_Research_Group_paper_writing
- Lit Review Steps:
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Utility CEO Pay
From Wikipedia: Electric Utility "The compensation received by the executive in utility companies often receives the most scrutiny in the review of operating expenses. Just as regulated utilities and their governing bodies struggle to maintain a balance between keeping consumer costs reasonable and being profitable enough to attract investors, they must also compete with private companies for talented executives and then be able to retain those executives."
see Executive Compensation in the U.S. for a summary on why private companies seem to have an advantage in terms of CEO pay.
Why CEO Utility Pay?
CEO, or Chief Executive Officer, salary has risen dramatically over the past two decades. Utility companies are found to pay their CEO's significantly less than their private counterparts. This is being investigated to determine the chief reasons CEO's in the electrical utility industry seem to be paid less, and discover if their pay is justified.
How many methods for Calculation?
There are several generally agreed upon components to a CEO's salary:
- Base Salary
- Incentive Pay, Short Term (i.e., bonus)
- Incentive Pay, Long Term (i.e., stocks)
- Benefits (i.e., Cars, Health Care, Retirement)
key points found across all papers
Literature Review of CEO Utility Pay
Electric Utility Compensation
CEO Compensation after Deregulation: The Case of Electric Utilities
Linking CEO pay to firm performance: empirical evidence from the electric utility industry
Augustine I. Duru and Raghavan J. Iyengar, “Linking CEO pay to firm performance: empirical evidence from the electric utility industry,” Managerial Finance, vol. 25, no. 9, pp. 21–33, Sep. 1999. [Open Access]
General Executive Compensation
citation w/ link
- points of interest