Abstract: The industry of power generation is on stage of change from monopoly to competition,from planned economy to market economy.The reward motivation to senior managers of power generation corporations is more and more concerned.It this paper,38 corporations,which have come to the domestic security market,are selected as stylebook. Demonstrated studies have been made on relationship between manager reward and management performance from 2001 to 2003.First,all-years and annual analyses of correlation and partial correlation have been made to all samples and abnormal-excluded samples,then contingency table is used to analyze relationship between performance and reward.The result shows no correlation between the two.The final part of the paper explains the result according to practical situation of the corporations,and proposals are given to the design of the senior managers’ reward system.

Key words: power generation corporation, reward, firm performance, correlation analysis