Long‐Run Trends in  A ustralian Executive Remuneration:  BHP , 1887–2012 | Zendy

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Long‐Run Trends in A ustralian Executive Remuneration: BHP , 1887–2012

Author(s) -

Pottenger Mike,

Leigh Andrew

Publication year - 2016

Publication title -

australian economic history review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.493

H-Index - 16

eISSN - 1467-8446

pISSN - 0004-8992

DOI - 10.1111/aehr.12065

Subject(s) - remuneration , executive compensation , earnings , compensation (psychology) , business , stock (firearms) , executive director , accounting , stock market , economics , corporate governance , finance , management , geography , psychology , archaeology , psychoanalysis , context (archaeology)

Outside the U nited S tates, little is known of long‐run trends in executive compensation. We fill this gap by studying BHP Billiton, a resources giant that has long been one of the largest companies on the A ustralian stock market. From 1887 to 2012, trends in CEO and director remuneration (relative to average earnings) follow a U ‐shape. This matches the pattern for US executive compensation, A ustralian top incomes, and (for the past two decades) average trends in executive compensation in top A ustralian firms. Like the U nited S tates, A ustralia experienced a post‐war ‘great compression’ prior to the recent ‘great divergence’.

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