Quiz: The State of Technology and Life Sciences Executive Compensation
The Boston area is a breeding ground for life sciences and technology innovation. Startups and more established companies are everywhere—and so are the engineers, scientists, CTOs, and operating, finance, and sales whizzes that make these enterprises hum.
But what are all these folks paid—in salary, bonus, and stock? Are CEOs really the best compensated? How does life sciences differ from tech? And how have things changed over the last year, given the financial climate?
These questions are addressed in detail by CompStudy, an annual survey of the cash and equity compensation for top management at private life sciences and technology companies that is conducted by executive search company J. Robert Scott in partnership with Ernst & Young. We’ll be reporting soon on details of the study, which is rich with information. But meanwhile, I’ve worked with with Aaron Lapat, a managing director of J. Robert Scott, and Michael Greeley, a general partner with Flybridge Capital Partners and chairman of the New England Venture Capital Association, to cull some highlights from the study’s 2009 findings.
To test your knowledge about about the state of management compensation, take the quick 7-question quiz below. (The questions don’t get at any of the year-over-year changes in executive comp; our story next week will do that.) I’ll post the answers, along with some commentary from Lapat and Greeley, right after the Thanksgiving break—I imagine they’ll provide a yardstick you can use to assess your own compensation situation, or, let’s just say it, that of those around you.
Question No. 1
Question No. 2
Question No. 2a
Question No. 3
Question No. 3a
Question No. 4
Question No. 4a
Author: Robert Buderi
Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative.
Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.
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