[Excerpt] Managerial pay is a controversial and often studied subject in economics, sociology, accounting, finance, and human resource management. In fact, relative to the number of people who are actually top managers, this subject garners an incredible amount of attention. One of the reasons may be simply that the data are available. This has been true for managers in for-profit firms for decades, but only recently have data become available to permit the study of managerial compensation in the nonprofit sector. In this chapter, I compare how top managers in the for-profit and nonprofit sectors are paid using two unique panel data sets covering the years 1992 through 1998.