Three Essays on Executive Compensation - KOPS - Universität ...

Executive Compensation and Firm Performance in Germany
Table 1.3: Compensation Components in Mid-Size Firms, 2005-2009
Chief Executive Officers [N=125] Other Executives [N=359]
Mean Median Minimum Maximum Mean Median Minimum Maximum
Total 1,949 1,548 196 12,057 1,092 924 59 5,927
Fixed 622 486 96 3,096 358 327 59 1,208
Short Term 843 716 0 4,075 494 388 0 2,717
Long Term 484 0 0 5,882 241 25 0 3,665
Share Fixed 0.40 0.37 0.06 1 0.41 0.38 0.06 1
Share Short Term 0.45 0.46 0 0.94 0.44 0.45 0 0.94
Share Long Term 0.14 0 0 0.81 0.15 0.03 0 0.90
Mid-size firms are defined as firms with total assets above 1 billion Euro but no more than 10 billion Euro in a given fiscal year.
All numbers in the first four lines are in thousands of 2005 Euros. Fixed compensation is not performance related such as the
base salary and benefits in kind. Short-term compensation are annual cash bonuses. Long-term compensation is the value of
shares, options and compensation based on incentive plans. The values of long-term compensation components are taken from the
respective annual reports. The last three lines show the respective shares with respect to total compensation.
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