Graduation Year

2016

Date of Submission

11-2015

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics-Accounting

Reader 1

Joshua Rosett

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Terms of Use for work posted in Scholarship@Claremont.

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© 2015 Meghan K. Fuelling

Abstract

Executive Compensation has received a lot of media and academic attention in the last decade. Much of that attention is focused on the gross levels of compensation and not the component structure of salary, stock, options, etc. that make up a compensation package. This paper examines the executive compensation structures of internet technology firms, which are becoming an increasingly important part of the economy. I use samples of newly public and more established companies from early and recent periods to determine if and how the composition of executive pay has changed from 1997 to 2013. My findings suggest a decrease in the use of both options and salary as a percent of total compensation, with an accompanying increase in stock and overall equity percentages, has occurred between early and recent periods. Additionally, I find there to be less reliance on options and a lower mix of equity-to-salary between firms that have just gone public and more established firms, again with an increased use of stock in the component structure.

Comments

Robert Day School Prize for Best Senior Thesis in Economics (Accounting) and Finance

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