Looking for 800-CEO-READ? That's us! Learn More

The CEO Pay Machine: How It Trashes America and How to Stop It

Steven Clifford

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.

READ FULL DESCRIPTION

List Price $23.00
1 - 24 $18.40
25 - 99 $14.26
100 - 249 $13.80
250 - 499 $13.34
500 + $13.11

Quick Quote

Lorem ipsum dolor sit amet, consectetur adipisicing elit

$23.00


Book Information

Publisher: Blue Rider Press
Publish Date: 05/08/2017
Pages: 288
ISBN-13: 9780735212398
ISBN-10: 0735212392
Language: English

What We're Saying

May 10, 2017

The CEO Pay Machine

By 800-CEO-READ

Steven Clifford's new book on CEO compensation "demolishes the prevailing business orthodoxy that has led to its enormous and immensely damaging rise." READ FULL DESCRIPTION

December 06, 2017

The five books in our Current Events & Public Affairs category are all timely, topical explorations of the intersection between business and the wider world they're meant to serve. READ FULL DESCRIPTION

May 04, 2017

Steven Clifford chronicles the inexorable rise of CEO pay, how it harms companies, curbs economic growth, and undermines democracy, and how we can fix it. READ FULL DESCRIPTION

Full Description

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.

We have updated our privacy policy. Click here to read our full policy.