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Above are the results from a regression of CEO salary in thousands of U.S. dollars on return on equity (roe) as a percentage (i.e, 18%,

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Above are the results from a regression of CEO salary in thousands of U.S. dollars on return on equity (roe) as a percentage (i.e, 18%, not O.18), sales in millions of U.S. dollars, and a binary variable for whether the firm is in the finance industry. What is the appropriate interpretation of the coeffeient on return on equity? For a one percentage point increase in return on equity, estimated CEO salaryis about 21% higher, controlling for sales and whether the CEO's firm is in the financial industry. For a one percentage point increase in return on equity, estimated CEO salary is about $21,000 higher, controlling for sales and whether the CEO's firm is in the financial industry. CEOs that generate positive return on equity earn $21,000 more than CEOs that do not generate positive return on equity, controlling for sales and whether the CEO's firm is in the financial industry. For a one percentage point increase in return on equity, estimated CEO salary is about $21 higher, controlling for sales and whether the CEO's firm is in the financial industry

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