Abstract: How to determine CEO compensation has been a topic theme. Many scholars tried to testify the close relaion between top management compensation and firm performance and determine CEO compensation furtherly. This paper selects the core of Central Plain Economic Zone, i.e., Henan Province, as an objection to analyze the determinants of CEO compensation. The result shows CEO compensation is positively related to firm size and earnings capacity, while negatively related to liability capacity. And CEO compensation has no close to development and operation capacity apparently. These results suggest we should lead CEO to focus on firm’s long-term development and using funds effectively.