The Cost of Talent: How Executives And Professionals Are Paid And How It Affects America

Simon and Schuster, 2002 M01 15 - 352 páginas
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Known for his extensive writings on professional ethics, law, and labor relations, Derek Bok returns with a persuasive claim that the compensation being paid to top executives, lawyers, and doctors cannot be justified in the most revealing study done yet regarding the compensation practices in various professional fields.

As the American economy becomes more complex, the demand for able, highly educated people increases constantly with a steady growth of importance. But when considering the leverage of high pay and extravagant benefits, it is possible that talented individuals will be lost to the appeal of exaggerated compensation, putting the work that they are completing in danger.

Bok argues that compensation paid to top executives, lawyers, doctors, and economists does not offer a significant benefit, nor is there evidence that large bonuses and other financial incentives produce better work. Additionally, he presents the concept that the lucrative rewards of Wall Street, elite law firms, and medical specialties deprive poorly paid but vital teaching and public service professions of desperately needed talent.

The Cost of Talent asserts that America must enter a new period of national development by rethinking the values, motivations, and priorities that are reflected in our compensation practices in order to better serve the nation’s long-term interests.

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THE COST OF TALENT: How Executives and Professionals Are Compensated and How It Affects America

Crítica de los usuarios  - Kirkus

A disappointingly superficial and inconclusive critique of US pay practices. Relying mainly on secondary sources and anecdotal evidence, former Harvard president Bok (Higher Learning, 1986, etc ... Leer comentario completo

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

Crítica de los usuarios  - Not Available - Book Verdict

Bok, the dean of Harvard Law School, presents a fascinating, well-researched, and timely study of compensation practices in six professional categories--business, law, medicine, higher education ... Leer comentario completo


The Role of Compensation
The Rise of the Professions
What Happened After 1970
The 1970s and 1980s in Perspective
Corporate Executives
University Professors
Federal Officials
Summing Up
The Impact of Values
Searching for Remedies
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Acerca del autor (2002)

Derek Bok, former president of Harvard University, is a lawyer and educator. Over the course of his career, he studied at Stanford University, Harvard Law School, George Washington University, and Science Po. He is the son of Pennsylvania Supreme Court justice, Curtis Bok.

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