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The CEO Pay Machine

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Release : 2017
Genre : Business & Economics
Kind : eBook
Book Rating : 392/5 ( reviews)

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Book Synopsis The CEO Pay Machine by : Steven Clifford

Download or read book The CEO Pay Machine written by Steven Clifford. This book was released on 2017. Available in PDF, EPUB and Kindle. 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"--

Indispensable and Other Myths

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Release : 2014-08-01
Genre : Political Science
Kind : eBook
Book Rating : 012/5 ( reviews)

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Book Synopsis Indispensable and Other Myths by : Michael Dorff

Download or read book Indispensable and Other Myths written by Michael Dorff. This book was released on 2014-08-01. Available in PDF, EPUB and Kindle. Book excerpt: Prodded by economists in the 1970s, corporate directors began adding stock options and bonuses to the already-generous salaries of CEOs with hopes of boosting their companiesÕ fortunes. Guided by largely unproven assumptions, this trend continues today. So what are companies getting in return for all the extra money? Not much, according to the empirical data. In Indispensable and Other Myths: Why the CEO Pay Experiment Failed and How to Fix It, Michael Dorff explores the consequences of this development. He shows how performance pay has not demonstrably improved corporate performance and offers studies showing that performance pay cannot improve performance on the kind of tasks companies ask of their CEOs. Moreover, CEOs of large established companies do not typically have much impact on their companiesÕ results. In this eye-opening exposŽ, Dorff argues that companies should give up on the decades-long experiment to mold compensation into a corporate governance tool and maps out a rationale for returning to the era of guaranteed salaries.

Myths and Realities of Executive Pay

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Release : 2007-08-27
Genre : Business & Economics
Kind : eBook
Book Rating : 47X/5 ( reviews)

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Book Synopsis Myths and Realities of Executive Pay by : Ira Kay

Download or read book Myths and Realities of Executive Pay written by Ira Kay. This book was released on 2007-08-27. Available in PDF, EPUB and Kindle. Book excerpt: Popular perceptions of executive compensation in the United States are now part of a full-blown mythology fueled by critics who have little direct experience with the inner workings of corporations, their boards, and the executive teams who ultimately shoulder the responsibility for business success or failure. This book documents the realities of executive compensation by investigating the extent to which the pay for performance model governs executive pay levels. It also assesses the relative success of this model in creating value for shareholders and robust job growth for U.S. workers and provides detailed, real-world guidance for designing and executing effective executive compensation plans. Based on extensive empirical research and decades of direct experience in the field, Myths and Realities of Executive Pay settles the debate about executive compensation and the role it plays in the broader U.S. economy.

CEO Pay and What to Do about It

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Release : 2008-03
Genre : Business & Economics
Kind : eBook
Book Rating : 179/5 ( reviews)

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Book Synopsis CEO Pay and What to Do about It by : Michael C. Jensen

Download or read book CEO Pay and What to Do about It written by Michael C. Jensen. This book was released on 2008-03. Available in PDF, EPUB and Kindle. Book excerpt: In this book proposes a whole new system for incenting managers to act in the best interests of company owners. Reversing his earlier position—that companies probably weren’t paying enough to attract the best executive talent—Jensen and his coauthors are now positing that, in fact, pay packages can be too high and too risk-free, causing otherwise highly talented managers to act in ways that destroy corporate value. The authors have identified the critical missing link in current incentive plans, namely that link between a manager’s effectiveness in executing strategy and the capital market’s valuation of the results, which they call strategic value accountability. They explain how it works and how to devise a plan that holds top managers accountable for creating long-term strategic value.

The Great CEO Within: The Tactical Guide to Company Building

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Release : 2019-12-05
Genre : Business & Economics
Kind : eBook
Book Rating : 281/5 ( reviews)

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Book Synopsis The Great CEO Within: The Tactical Guide to Company Building by : Matt Mochary

Download or read book The Great CEO Within: The Tactical Guide to Company Building written by Matt Mochary. This book was released on 2019-12-05. Available in PDF, EPUB and Kindle. Book excerpt: Matt Mochary coaches the CEOs of many of the fastest-scaling technology companies in Silicon Valley. With The Great CEO Within, he shares his highly effective leadership and business-operating tools with any CEO or manager in the world. Learn how to efficiently scale your business from startup to corporation by implementing a system of accountability, effective problem-solving, and transparent feedback. Becoming a great CEO requires training. For a founding CEO, there is precious little time to complete that training, especially at the helm of a rapidly growing company. Now you have the guidance you need in one book.

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