The CEO Pay Machine
How It Trashes America and How to Stop It
From THE CEO PAY MACHINE by Steven Clifford. Summarized by arrangement with Blue Rider Press, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC
ISBN: 9780735212398
Pages: 288
Recommendation
The salaries and compensation packages companies pay CEOs have rocketed in recent decades: Even mediocre CEOs commonly receive $100 million paydays. Steven Clifford offers an eloquent evisceration of executive pay, blaming a cabal of compensation consultants and cozy directors. He’s a former CEO who has served on a number of corporate boards, so he’s able to use clear language and even humor to explain the taxability of stock options and the manipulation of performance benchmarks. Clifford is also a painstaking reporter. However, while his suggestions for stopping the CEO pay machine are intriguing, his idea for a luxury tax on executive compensation higher than $6 million is probably a nonstarter under the Trump White House. getAbstract recommends this engaging analysis to analysts, strategists, budget-minded employees and shareholders seeking contrarian insight into executive pay trends.
Summary
About the Author
Harvard Business School alumnus Steven Clifford served as CEO of King Broadcasting for five years and National Mobile Television for nine years.
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