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The Resource The CEO pay machine : how it trashes America and how to stop it, Steven Clifford

The CEO pay machine : how it trashes America and how to stop it, Steven Clifford

Label
The CEO pay machine : how it trashes America and how to stop it
Title
The CEO pay machine
Title remainder
how it trashes America and how to stop it
Statement of responsibility
Steven Clifford
Creator
Author
Subject
Language
eng
Summary
"The former top CEO examines the scandalous and corrupt reasons behind obscene pay packages for corporate executives--and explains how this hurts all of us--and how we can stop it. 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"--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Clifford, Steven
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
Executives
Label
The CEO pay machine : how it trashes America and how to stop it, Steven Clifford
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages [239]-263) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn978712565
Dimensions
22 cm
Extent
277 pages
Isbn
9780735212398
Lccn
2016052097
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)978712565
Label
The CEO pay machine : how it trashes America and how to stop it, Steven Clifford
Publication
Bibliography note
Includes bibliographical references (pages [239]-263) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn978712565
Dimensions
22 cm
Extent
277 pages
Isbn
9780735212398
Lccn
2016052097
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)978712565

Library Locations

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