Calculate Top Management Performance

One of the problems of evaluating CEO output is based on the industry group or we can say does he follow short or long policy? It is difficult to judge how well a CEO is doing. Nearly all firms are moving heavier reliance on bonuses. Still we need to connect the compensation by the company performance. In this research I will start with EVA Economic Value Added as one of the best way to evaluate the corporate performance. What I argue is using EVA for CEO's evaluation; simply I mean that company output is not CEO output. Starting with economic value added 'EVA'; I will calculate the performance of the top management which I will name it NEVA Net Economic Value Added.