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INDISPENSABLE AND OTHER MYTHS

WHY THE CEO PAY EXPERIMENT FAILED AND HOW TO FIX IT

A provocative thesis couched in measured, scholarly language. Watch the editorial pages of Bloomberg News and the Wall...

A carefully stated cri de guerre against “the current cult of leadership” that characterizes corporate culture—and leads to extraordinary paychecks.

Why is it that the head of an American corporation should be paid millions—sometimes tens of millions—more per year than an entry-level worker there? Ask a member of the board, writes legal scholar Dorff (Southwestern Law School), and you’re likely to be told that chief executive compensation is so high because that leader is indispensable to the success of the company. In the case of GE’s Jack Welch, that may have been so: After all, he increased the company’s worth nearly 30 times over in his tenure. But what of those executives who preside over near-catastrophic loss of worth and market share, layoffs and scandal, yet receive their stock payouts and fat paychecks regardless? The theories underlying the supposed indispensability of the CEO, writes Dorff, lack “strong empirical support.” Instead, in many cases, CEOs are rewarded disproportionately simply because other CEOs are rewarded disproportionately. A corporate culture has developed in which it’s assumed that this vicious circle is the natural order of things; it’s not corruption or cronyism that makes this so, but a simple misreading of the world. Dorff proposes that rather less quantifiable rewards be encouraged, among them “harnessing reputational desires, creating motivational cultures, and cultivating internal drives.” Understandably, many bosses will prefer the money, but Dorff’s insistence that corporations need less-expensive leadership seems intuitively right. If nothing else, the shift in accounting methods that he describes favors the reforms he suggests, including perhaps adding more restricted stock to compensation packages instead of options, which “reduces the lottery factor in CEO pay.

A provocative thesis couched in measured, scholarly language. Watch the editorial pages of Bloomberg News and the Wall Street Journal to see whether it catches on.

Pub Date: Aug. 1, 2014

ISBN: 978-0-520-28101-1

Page Count: 328

Publisher: Univ. of California

Review Posted Online: June 30, 2014

Kirkus Reviews Issue: July 15, 2014

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A PEOPLE'S HISTORY OF THE UNITED STATES

For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.

Pub Date: Jan. 1, 1979

ISBN: 0061965588

Page Count: 772

Publisher: Harper & Row

Review Posted Online: May 26, 2012

Kirkus Reviews Issue: Jan. 1, 1979

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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