The CEO Pay Machine

The CEO Pay Machine

How It Trashes America and How to Stop It

Book - 2017
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"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"-- Provided by publisher.
Publisher: New York : Blue Rider Press, [2017]
ISBN: 9780735212398
Characteristics: 277 pages ; 22 cm
Call Number: 331.281658 CLI


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Feb 22, 2017

As someone who has studied forensic finance extensively, please humbly allow me to correctly classify this book as more misinformational, redirectional, drivel.
The CEO pay shot up in direct connection to the offshoring of American jobs: CEOs and senior executives pocketed much of the difference in labor savings. A perfect traditional example has been Nike, whereby the cost of shoes never went down as originally promised, instead the executives' pay shot ever skywards!
This guy wants to confuse and bewilder, in a seemingly positive fashion. Remember, King was the station which claimed, when they featured G. Gordon Liddy's radio show, that he had served in Special Forces in Vietnam [both lies], and further fictions!


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