The Resource The cost of talent : how executives and professionals are paid and how it affects America, Derek Bok

The cost of talent : how executives and professionals are paid and how it affects America, Derek Bok

Label
The cost of talent : how executives and professionals are paid and how it affects America
Title
The cost of talent
Title remainder
how executives and professionals are paid and how it affects America
Statement of responsibility
Derek Bok
Creator
Subject
Language
eng
Summary
"The continuing uproar over top executive pay packages in American companies calls attention to an even larger and more important issue: in general, do we compensate highly educated people in the United States in ways that serve the best interests of the nation? Are some people paid too much and others too little? What effect do differences in earnings have on the career choices of the talented? Do we pay executives and professionals in ways that motivate them to work hard at the right things?" "In the most revealing study yet undertaken of compensation practices in the fields of business, law, medicine, higher education, teaching, and government, Derek Bok, renowned for his extensive writings on professional ethics, law, and labor relations, argues persuasively that the compensation paid to top executives, lawyers, and doctors cannot be justified, nor is there evidence that huge bonuses and other financial incentives motivate them to do better work. Moreover, Bok asserts, the lucrative rewards of Wall Street, the elite law firms, and the medical specialties act as a magnet to deprive poorly paid but vitally important teaching and public service professions of desperately needed talent." "Bok argues that as our economy becomes more complex, the demand for able, highly educated people increases constantly and takes on greater and greater importance. Losing our most talented individuals to the lure of high compensation will affect the very nature of health care, the progress of the economy, the effectiveness of public policy, the pursuit of justice, and the quality of education in America." "President Clinton's tax proposals to curb excessive executive pay now before Congress are only a first step toward reform. Bok concludes that as we enter a new period of national development, we must rethink our deepest values, motivations, and priorities - reflected in our compensation practices - in order to better serve America's long-term interests."--Jacket
Cataloging source
DLC
http://library.link/vocab/creatorName
Bok, Derek Curtis
Index
index present
LC call number
HD4965.5.U6
LC item number
B65 1993
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Executives
  • Professional employees
  • Salaires
  • Professionnels salariés
  • Executives
  • Professional employees
  • Salarissen
  • Hoger opgeleiden
  • Leidinggevend personeel
  • United States
Label
The cost of talent : how executives and professionals are paid and how it affects America, Derek Bok
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 299-333) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
The role of compensation -- The rise of the professions -- What happened after 1970 -- The 1970s and 1980s in perspective -- Corporate executives -- Doctors -- Lawyers -- University professors -- Teachers -- Federal officials -- Summing up -- The impact of values -- Searching for remedies
Dimensions
24 cm
Extent
vii, 342 pages
Isbn
9780029037553
Lccn
93027892
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (OCoLC)28423851
  • (OCoLC)ocm28423851
Label
The cost of talent : how executives and professionals are paid and how it affects America, Derek Bok
Publication
Bibliography note
Includes bibliographical references (p. 299-333) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
The role of compensation -- The rise of the professions -- What happened after 1970 -- The 1970s and 1980s in perspective -- Corporate executives -- Doctors -- Lawyers -- University professors -- Teachers -- Federal officials -- Summing up -- The impact of values -- Searching for remedies
Dimensions
24 cm
Extent
vii, 342 pages
Isbn
9780029037553
Lccn
93027892
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (OCoLC)28423851
  • (OCoLC)ocm28423851

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