The CEO Pay Machine

In "The CEO Pay Machine," former CEO Steven Clifford investigates the alarming rise in executive compensation, revealing the corrupt practices that contribute to the widening pay gap between CEOs and their employees, which now sees executives earning up to 700 times more than the average worker. He critically examines how board directors and compensation committees perpetuate this system, coining the term "CEO Pay Machine" to describe the interconnected beliefs and delusions that maintain this troubling trend. With real-life examples from the highest-paid CEOs of recent years, Clifford makes a compelling case for the detrimental effects of excessive pay on companies, shareholders, and democracy, while offering insights into how the situation can be changed.