Steven Clifford (author) explained
Steven A. Clifford[1] is an American author and former businessman and government official. He was the Special Deputy Comptroller of New York City and was CEO of King Broadcasting Company and National Mobile Television. He is most famous for his 2017 book, The CEO Pay Machine.[2] [3]
Biography
Clifford received his B.A. from Columbia University in 1964 and his M.B.A. from Harvard Business School in 1968.[4] [5] During the New York City financial crisis of the 1970s, he was a special deputy comptroller of New York City, where he was credited for creating the city's integrated financial management system (IFMS) between 1975 and 1977.[6] [7]
From 1987 to 1992, Clifford was CEO of King Broadcasting Company and then National Mobile Television from 1992 to his retirement in 2000.[8]
In 2017, Clifford published The CEO Pay Machine: How It Trashes America and How to Stop It, a book that reveals how corporations craft their compensation packages and criticizes what Clifford calls "outrageous" pay of corporate chief executives, arguing that excessive pay would hurt American businesses and shareholders.[9] [10] [11] [12] In 2019, he delivered a testimony in the United States House Committee on Financial Services.[13]
During the COVID-19 pandemic, Clifford's criticism of the corporate pay gap and call to rein in their compensation packages were cited by multiple critics and publications.[14] [15] [16]
Clifford sits on the board of KING-FM, and has been a director of companies including Mosaica Education and Todd Shipyards.[17] [18]
References
- News: 1991-03-02. COMPANY NEWS; King Broadcasting's TV Asset Sale. en-US. The New York Times. 2022-02-10. 0362-4331.
- Web site: Alsin. Arne. Meet The CEO Who Says Excessive CEO Pay Is Trashing America -- And Hurting Investors. 2022-02-10. Forbes. en.
- Web site: 2017-05-06. Former CEO spills secrets of CEO pay, and calls for change. 2022-02-10. The Seattle Times. en-US.
- Web site: on. Miyako Yerick. The CEO Pay Machine. 2022-02-10. Columbia University Club of Washington, D.C.. en.
- Book: Columbia College (Columbia University). Office of Alumni Affairs and Development. Columbia College today. Columbia College (Columbia University). 1994. New York, N.Y. : Columbia College, Office of Alumni Affairs and Development. Columbia University Libraries.
- Platnick. Kenneth. Parker. Robert. 1978. Solving New York City's fiscal crisis. Tempo. 24. 1. 14–25.
- News: 1977-03-25. New York City Is About to Obtain Integrated Financial Management. en-US. The New York Times. 2022-02-10. 0362-4331.
- Web site: Clifford. Steven. This former CEO wants a luxury tax on CEO pay. 2022-02-10. MarketWatch. EN-US.
- Web site: 2017-05-05. Local ex-CEO issues call to arms against 'outrageous' CEO pay. 2022-02-10. The Seattle Times. en-US.
- Web site: CEO Pay Is Out of Control. Here's How to Rein It In. 2022-02-10. Fortune. en.
- Web site: Clifford. Ralph Nader and Steven. CEOs aren't disclosing their real compensation. The pay gap is much worse than you think.. 2022-02-10. USA TODAY. en-US.
- Web site: Clifford. Steven. 2017-06-14. How Companies Actually Decide What to Pay CEOs. 2022-02-10. The Atlantic. en.
- Web site: - PROMOTING ECONOMIC GROWTH: A REVIEW OF PROPOSALS TO STRENGTHEN THE RIGHTS AND PROTECTIONS OF WORKERS. 2022-02-10. www.govinfo.gov.
- Web site: Yeung. Peter. Why CEOs make so much money. 2022-02-10. www.bbc.com. en.
- Web site: CEO pay has skyrocketed 1,322% since 1978: CEOs were paid 351 times as much as a typical worker in 2020. 2022-02-10. Economic Policy Institute. en-US.
- News: Trichur. Rita. 2020-10-20. Opinion: Time to stop pretending it is all about merit. How companies can improve diversity on boards. en-CA. The Globe and Mail. 2022-02-10.
- Web site: Classical KING FM Board of Directors. 2022-02-10. Classical KING FM 98.1. en-US.
- Web site: TODD SHIPYARDS CORPORATION DEF14A. 2022-02-10. www.sec.gov.
