The CEO Pay Machine
Author | : Steven Clifford |
Publisher | : Penguin |
Total Pages | : 289 |
Release | : 2017 |
ISBN-10 | : 9780735212398 |
ISBN-13 | : 0735212392 |
Rating | : 4/5 (98 Downloads) |
Book excerpt: "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 ... 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.' [This book] is Clifford's ... explanation of the 'machine'--how it works, how its parts interact, and how every step pushes CEO pay to higher levels"--