Executive Minority Employment and Compensation Gap in the S&P500: Is Compensation Disparity More Prevalent in Certain Industries?
Open Access Senior Thesis
Bachelor of Arts
© 2011 Jason Toney
Minorities hold a significantly smaller percentage of executive positions in companies within the S&P500. However, whether these minorities are under compensated relative to their non-minority counterparts has not been previously investigated. Using Compustat data, this paper documents the differences in compensation between minorities and non-minorities as a whole, minority and non-minority CEOs, and the differences in compensation for minorities and non-minorities within industries. I show that there is no minority/white wage gap overall, and in some cases, minorities earn a premium compared to non-minorities.
Toney, Jason W., "Executive Minority Employment and Compensation Gap in the S&P500: Is Compensation Disparity More Prevalent in Certain Industries?" (2011). CMC Senior Theses. 145.