Those executives who claim that their rewards are conferred by the logic of the market are either lacking in economic understanding or are being disingenuous. There is no honest market for corporate leadership.
Five years ago, when excessive corporate executive compensation first emerged as a controversial political issue, the Dodd-Frank legislation required corporations to permit shareholders to vote on front office pay.
The buzz about Etsy's IPO runs something like this... the company that connects artisans and home-based craft makers to a new kind of consumer hungry for unique products -- has met its nemesis: the public equity markets.
We share Rush Limbaugh's fantasy that one day Dan Price's decision to drastically cut his own pay will be written up as a case study for MBA students. The difference is that we hope that it will be taught as an example of visionary leadership in the face of seemingly impossible odds.
You've undoubtedly heard that CEO Dan Price recently decided to cut his own salary in order to help finance a radical experiment in employee pay: everyone who works for Gravity Payments, based in Seattle, will now make $70,000/year.
Ken Dunn is an entrepreneur. Before starting Next Century Publishing, he made millions of dollars through his entrepreneurial efforts. He started Next Century to help authors avoid bad publishing experiences. In this interview, you'll get a glimpse into the life of a busy CEO.
In this new era of executive compensation run amok, the balanced scorecard has been replaced with an unbalanced one. The single factor that matters most in too many businesses is moving the financial needle to pad the executive's pocketbook.
The new record of already stratospheric executive pay is another sign that the staggering growth in the CEO-to-worker pay gap we've seen over the last half-century isn't changing anytime soon -- unless we step up and take action.
We hear so much these day about banks and companies that have become so large they are unable to manage themselves -- that there are so many layers of bureaucracy that illegal and unethical behavior can go undetected for years.
What most of us fail to recognize is that the gulf between the very rich and the rest of us will almost certainly continue to get worse, a lot worse! Most importantly, it may be too late to do much about it.