Are Chief Executives Overpaid?
Are Chief Executives Overpaid?

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. In the US, their salaries are over 347 times greater than the average pay packet.

In this trenchant book, Deborah Hargreaves, director of the High Pay Centre, explains why pay for the top 0.1% has sky-rocketed in the past 20 years. She shows how it emerged as the result of a series of political decisions, and gives a devastating account of how it has created a vicious circle that destabilises our economy and undermines social cohesion. She goes on to demolish the twisted logic of the chief executives who say: ‘I’m worth it,’ when ‘worth it’ means raking in £70m a year.

A rigorous exposé of the dysfunctional nature of our ‘winner-takes-all’ economy, this book debunks the myths behind top bosses’ pay and examines a range of pragmatic policies for reversing runaway wage inequality.

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  • October 2018
  • 143 pages
  • 124 x 190 mm / 5 x 7 in
Available Formats
  • Hardback $45.00
  • 9781509527793
  • Paperback $12.95
  • 9781509527809
  • Open eBook $12.95
  • 9781509527830
Table of Contents

Foreword

Chapter 1: Who Wants To Be A Millionaire?

Chapter 2: Just Deserts?

Chapter 3: Why Top Pay Matters

Chapter 4: Corporate Governance Fights a Losing Battle

Chapter 5: What Can Be Done?

Conclusion

Notes

About the Author

Deborah Hargreaves is former business editor of The Guardian and a founder and director of the High Pay Centre, an independent think-tank that monitors executive pay

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Reviews

'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.'
Polly Toynbee, The Guardian

'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.'
Martin Wolf, The Financial Times

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