All buildings are now open at limited capacity. New library and curbside pickup hours.
Masks covering the nose and mouth must be worn inside libraries by anyone over the age of two regardless of vaccine status.

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

Book Cover
Average Rating
Publisher:
Penguin Publishing Group
Pub. Date:
2017
Language:
English
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.
Also in This Series
More Like This
More Details
ISBN:
9780735212404
Staff View

Grouping Information

Grouped Work IDd357da30-5f23-de16-a249-4e4b8a4f8b66
Grouping Titleceo pay machine how it trashes america and how to stop it
Grouping Authorsteven clifford
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2021-05-06 04:15:49AM
Last Indexed2021-05-06 04:44:30AM
Novelist Primary ISBNnone

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
authorSteven Clifford
author_displaySteven Clifford
available_at_aacplOnline OverDrive Collection
detailed_location_aacplOnline OverDrive Collection
display_descriptionThe 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.
format_aacpleBook
format_category_aacpleBook
idd357da30-5f23-de16-a249-4e4b8a4f8b66
isbn9780735212404
item_details
Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent FileeContent URLsubformatDetailed StatusLast CheckinLocationSub-location
overdrive:9bc097f7-577a-4b45-a326-229ba6de761f-1Online OverDrive CollectionOnline OverDriveeBookeBook3falsetrueOverDriveAdobe EPUB eBook, Kindle Book, OverDrive ReadAvailable Online
overdrive:9bc097f7-577a-4b45-a326-229ba6de761f1Online OverDrive CollectionOnline OverDriveeBookeBook0falsetrueOverDriveAdobe EPUB eBook, Kindle Book, OverDrive ReadAvailable Online
last_indexed2021-05-06T08:44:30.626Z
lexile_score-1
literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_aacplOnline OverDrive
owning_library_aacplAnne Arundel County Public Library Online
owning_location_aacplOnline OverDrive Collection
primary_isbn9780735212404
publishDate2017
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
overdrive:9bc097f7-577a-4b45-a326-229ba6de761feBookeBookEnglishPenguin Publishing Group2017
recordtypegrouped_work
scoping_details_aacpl
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
overdrive:9bc097f7-577a-4b45-a326-229ba6de761f-1Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse
overdrive:9bc097f7-577a-4b45-a326-229ba6de761f1Available OnlineAvailable Onlinefalsetruetruefalsefalsetrue
title_displayThe CEO Pay Machine How it Trashes America and How to Stop it
title_fullThe CEO Pay Machine How it Trashes America and How to Stop it
title_shortThe CEO Pay Machine
title_subHow it Trashes America and How to Stop it
topic_facetBusiness
Economics
Nonfiction