We are open! For operations and delivery updates due to COVID-19. (click here)
0

Call Boomerang Books 1300 36 33 32

Description - The Ceo Pay Machine by Steven Clifford

Today, the pay gap between chief executive officers of major U.S. firms and their workers is higher than ever before-depending on the method of calculation, CEOs get paid between 300 and 700 times more than the average worker. Such outsized pay is a relatively recent phenomenon, but despite all the outrage, few detractors truly understand the numerous factors that have contributed to the dizzying upward spiral in CEO compensation. Steven Clifford, a former CEO who has also served on many corporate boards, has a name for these procedures and practices- "The CEO Pay Machine." The CEO Pay Machine is Clifford's thorough and shocking explanation of the 'machine'--how it works, how its parts interact, and how every step pushes CEO pay to higher levels. As Clifford sees it, the payment structure for CEOs begins with shared delusions that reinforce one other- Once this groupthink is accepted as corporate dogma, it becomes infinitely harder to see any decision as potentially irrational or dysfunctional. Yet, as Clifford notes, the Pay Machine has caused immeasurable harm to companies, shareholders, economic growth, and democracy itself. He uses real-life examples of the top four CEOs named the highest paid in 2011 through 2014. Clifford examines how board directors and compensation committees have directly contributed to the rising salaries and bonuses of the country's richest executives; what's more, Clifford argues, each of those companies could have paid their CEOs 90 percent less and performed just as well.Witty and infuriating, The CEO Pay Machine is a thorough and incisive critique of an economic issue that affects all American workers.

Buy The Ceo Pay Machine by Steven Clifford from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780735212398
ISBN-10: 0735212392
Format: Hardback
(216mm x 152mm x mm)
Pages: 240
Imprint: Prentice Hall Press
Publisher: Prentice Hall Press
Publish Date: 15-May-2017
Country of Publication: United States

Book Reviews - The Ceo Pay Machine by Steven Clifford

» Have you read this book? We'd like to know what you think about it - write a review about Ceo Pay Machine book by Steven Clifford and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)


Author Biography - Steven Clifford

Steven Clifford served as CEO for King Broadcasting Company for five years and National Mobile Television for nine years. He has been a director of thirteen companies and has chaired the compensation committee for both public and private companies. He holds a BA from Columbia University and an MBA from Harvard Business School.

A Preview for this title is currently not available.