Details

Are Chief Executives Overpaid?


Are Chief Executives Overpaid?


The Future of Capitalism 1. Aufl.

von: Deborah Hargreaves

10,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 26.11.2018
ISBN/EAN: 9781509527830
Sprache: englisch
Anzahl Seiten: 140

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Beschreibungen

Wages for the majority have been stagnant for decades, but a lucky few have enjoyed a pay bonanza. Top company bosses take home in several days as much as most people earn in a whole year. <br /><br />In this hard-hitting book, Deborah Hargreaves explains why pay for the top 0.1% has sky-rocketed in the past 20 years. She gives a devastating account of how it has created a vicious circle that destabilizes our economy and undermines social cohesion, demolishing the twisted logic of the chief executives who say: ‘I’m worth it’, when that means raking in £70m a year. <br /><br />A rigorous exposé of the dysfunctional nature of our ‘winner-takes-all’ economy, this book debunks the myths behind top pay and examines a range of pragmatic solutions.
<ul> <li>Contents</li> <li>Foreword</li> <li>Chapter 1: Who Wants To Be A Millionaire?</li> <li>Chapter 2: Just Deserts?</li> <li>Chapter 3: Why Top Pay Matters</li> <li>Chapter 4: Corporate Governance Fights a Losing Battle</li> <li>Chapter 5: What Can Be Done?</li> <li>Conclusion</li> <li>Notes</li> </ul>
<p>"Nothing is so politically alienating as the way society has lost control over obscene top pay. No-one is as trenchant – and readable – as Deborah Hargreaves in her expert analysis."<br />—<b>Polly Toynbee, <i>The Guardian</i></b></p> <p>"In her extremely valuable book, Deborah Hargreaves demonstrates that the explosion in executive pay overwhelmingly reflects rent extraction. That is economically damaging, because performance-related pay encourages poor decision-making, and socially destructive, because it undermines the legitimacy of capitalism." <br />—<b>Martin Wolf, <i>The Financial Times</i></b></p>
<b>Deborah Hargreaves</b> is former business editor of the <i>Guardian</i> and a founder and director of the High Pay Centre, an independent think-tank that monitors executive pay.

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