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The CEO Pay Machine

How it Trashes America and How to Stop it
in: Economics
Summary:

The book critiques the excessive compensation packages awarded to American CEOs, arguing that they are not aligned with company performance and contribute to income inequality. It proposes solutions to reform executive pay structures to better serve the interests of shareholders, employees, and the broader economy.

Key points:

1. Pay-for-Performance Myth: Clifford claims CEO pay doesn't match company success, with CEOs getting high pay regardless of results.

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