Steven Clifford Says You Don't Need a Compensation Consultant

Steven Clifford, a former tech CEO and author of "The CEO Pay Machine," passionately critiques the executive compensation system. He argues that compensation consultants act as parasites, inflating CEO salaries at the expense of shareholders. Clifford highlights the troubling disparity between CEO pay and average worker wages, and calls for a reevaluation of compensation practices to genuinely align pay with performance. He emphasizes the need for transparency and regulation to mitigate the harmful effects of excessive executive compensation on both companies and society.