Steven Clifford (author)

Last updated
Steven Clifford
BornSteven A. Clifford
OccupationAuthor
NationalityAmerican
Education Columbia University (BA)
Harvard Business School (MBA)

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. [2] [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]

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References

  1. ↑ "COMPANY NEWS; King Broadcasting's TV Asset Sale". The New York Times. 1991-03-02. ISSN   0362-4331 . Retrieved 2022-02-10.
  2. 1 2 Alsin, Arne. "Meet The CEO Who Says Excessive CEO Pay Is Trashing America -- And Hurting Investors". Forbes. Retrieved 2022-02-10.
  3. ↑ "Former CEO spills secrets of CEO pay, and calls for change". The Seattle Times. 2017-05-06. Retrieved 2022-02-10.
  4. ↑ on, Miyako Yerick. "The CEO Pay Machine". Columbia University Club of Washington, D.C. Retrieved 2022-02-10.
  5. ↑ Columbia College (Columbia University). Office of Alumni Affairs and Development; Columbia College (Columbia University) (1994). Columbia College today. Columbia University Libraries. New York, N.Y. : Columbia College, Office of Alumni Affairs and Development.
  6. ↑ Platnick, Kenneth; Parker, Robert (1978). "Solving New York City's fiscal crisis". Tempo. 24 (1): 14–25.
  7. ↑ "New York City Is About to Obtain Integrated Financial Management". The New York Times. 1977-03-25. ISSN   0362-4331 . Retrieved 2022-02-10.
  8. ↑ Clifford, Steven. "This former CEO wants a luxury tax on CEO pay". MarketWatch. Retrieved 2022-02-10.
  9. ↑ "Local ex-CEO issues call to arms against 'outrageous' CEO pay". The Seattle Times. 2017-05-05. Retrieved 2022-02-10.
  10. ↑ "CEO Pay Is Out of Control. Here's How to Rein It In". Fortune. Retrieved 2022-02-10.
  11. ↑ Clifford, Ralph Nader and Steven. "CEOs aren't disclosing their real compensation. The pay gap is much worse than you think". USA TODAY. Retrieved 2022-02-10.
  12. ↑ Clifford, Steven (2017-06-14). "How Companies Actually Decide What to Pay CEOs". The Atlantic. Retrieved 2022-02-10.
  13. ↑ "- PROMOTING ECONOMIC GROWTH: A REVIEW OF PROPOSALS TO STRENGTHEN THE RIGHTS AND PROTECTIONS OF WORKERS". www.govinfo.gov. Retrieved 2022-02-10.
  14. ↑ Yeung, Peter. "Why CEOs make so much money". www.bbc.com. Retrieved 2022-02-10.
  15. ↑ "CEO pay has skyrocketed 1,322% since 1978: CEOs were paid 351 times as much as a typical worker in 2020". Economic Policy Institute. Retrieved 2022-02-10.
  16. ↑ Trichur, Rita (2020-10-20). "Opinion: Time to stop pretending it is all about merit. How companies can improve diversity on boards". The Globe and Mail. Retrieved 2022-02-10.
  17. ↑ "Classical KING FM Board of Directors". Classical KING FM 98.1. Retrieved 2022-02-10.
  18. ↑ "TODD SHIPYARDS CORPORATION DEF14A". www.sec.gov. Retrieved 2022-02-10.
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