Best-paid CEOs. Forbes magazine conducts an annual survey of the salaries of chief executive officers. In addition to salary information, Forbes collects and reports personal data on the CEOs, including their level of education and age. Do most CEOs have advanced degrees, such as master’s degrees or doctorates? The data in the accompanying table (saved in the FORBES40 file) represent the highest degree earned by each of the top 40 best-paid CEOs of 2010. Use a graphical method to summarize the highest degree earned by these CEOs. What is your opinion about whether most CEOs have advanced degrees?
MBA | PhD | Bachelor’s | Bachelor’s |
PhD | Bachelor’s | Bachelor’s | MBA |
None | Law | Bachelor’s | Bachelor’s |
Bachelor’s | MBA | None | Master’s |
Bachelor’s | MBA | MBA | MBA |
PhD | Bachelor’s | None | None |
Bachelor’s | MBA | MBA | MBA |
Masters | Bachelor’s | Law | Bachelor’s |
MBA | MBA | None | Bachelor’s |
Bachelor’s | None | Law | Master’s |
Based on “40 highest-paid CEOs of 2010” from “What the boss makes: CEO compensation.” Forbes, April 28, 2010.
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