Compensation and retention: A study of chief executive officers of community banks in New York.

摘要

My thesis for this study researches the effects of compensation on the retention of Chief Executive Officers (CEO) in community banks in New York State. This study begins with a history of banking in the United States and the importance of a CEO in the performance of a bank's success throughout history. The related research covers articles and papers written by a broad spectrum of authors; including scholars, consulting firms, and human resources professionals. The related research contends that the compensation of CEOs is a key factor in their long-term retention and the successful performance of a bank. This study concludes with research of compensation and retention data of community bank CEOs from twenty-three publicly traded New York community banks using Securities and Exchange Commission (SEC) reports submitted annually by each bank from 1993 through 2001. This data revealed that regardless of the significant variances found in CEO compensation throughout the twenty-three community banks studied, retention remained unaffected over the nine-year period of this study. This leads to the conclusion that compensation is not the major factor in the retention of community bank CEOs, as the related research contends.