By Inc. staff | May 23, 2006
Age:
- 44 years - Average age of Inner City 100 CEO
- 33 years - Average age at founding
Ethnicity:
- 67% - White
- 32% - Minority
Minority Representation:
- 14% - Black
- 13% - Latino
- 2% - Asian
- 2% - Native American
- 1% - Mixed
- 1% - Other
Sex:
Immigration:
- 14% of the Inner City 100 companies are run by immigrants
- 26% of CEOs are children of immigrants
Inner City Living:
- 31% of CEOs currently live in the inner city
- 75% have lived in an inner city
Education and Youth Entrepreneurship:
82% of executives had at least a 4-year college education, with 34% holding an MBA, Doctorate or Master's equivalent.
Education Level (Highest level completed):
- 7% - High school
- 7% - Two year college
- 48% - Four year college
- 17% - MBA
- 13% - Other Master's
- 4% - Doctorate
77% of CEOs report engaging in entrepreneurial activities when they were young.
Compensation:
- $304,268 - average salary of CEOs (median = $200,000)
- $73,384 - average value of non-cash compensation (median = $20,000)
Company Ownership:
On average, the CEO owned 60% of their company, while board members typically held 15%. Outside investors (12%), family of the CEO (8.5%), top managers (4%) and employees (1%) held the remainder.
More Inner City 100 Numbers:
