The impact of CEO status diffusion on the economic outcomes of other senior managers

被引：131

作者：

Graffin, Scott D. ^{[1
]}

Wade, James B. ^{[2
]}

Porac, Joseph F. ^{[3
]}

McNamee, Robert C. ^{[4
]}

机构：

[1] Univ Georgia, Athens, GA 30602 USA

[2] Georgetown Univ, McDonough Sch Business, Washington, DC 20057 USA

[3] NYU, Kaufman Management Ctr, New York, NY 10012 USA

[4] Rutgers Business Sch, Newark, NJ 07102 USA

来源：

ORGANIZATION SCIENCE | 2008年 / 19卷 / 03期

关键词：

CEO celebrity; status; top management team; compensation; status leakage;

D O I：

10.1287/orsc.1080.0354

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

In this paper we develop and test predictions regarding the impact of CEO status on the economic outcomes of top management team members. Using a unique data set incorporating Financial World's widely publicized CEO of the Year contest, we found that non-CEO top management team members received higher pay when they worked for a high-status CEO. However, star CEOs themselves retained most of the compensation benefits. We also show that there is a "burden of celebrity" in that the above relationships were contingent on how well a firm performs. Last, we found that, when compared with the subordinates of less-celebrated CEOs, members of top management teams who worked for star CEOs were more likely to become CEOs themselves through internal or external promotions.

引用

页码：457 / 474

页数：18

共 71 条

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