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In this study we explore differences in chief executive officer compensation as influenced by the personality traits of the CEOs, suggesting that personality traits perceived as more reflective of an effective leader by board members will command higher total compensation packages.We find that two personality traits, openness to experience and agreeableness, tend to benefit CEO's the most in terms of their total compensation.We also find that when CEO compensation is measured differently (specifically in cash benefits), results vary in terms of the potential effects of CEO personality traits, specifically conscientiousness, extraversion, and neuroticism.Our study contributes to the literature on individual differences in CEOs and the executive compensation literature.
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Kristen M. Faile (2023) studied this question.
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