Indispensable and Other Myths

Discover the thought-provoking insights of Indispensable and Other Myths by Michael B. Dorff, published by the esteemed University of California Press in 2014. This compelling book, comprising 328 pages, delves into the evolution of executive compensation in the United States, particularly the rise of stock options and bonuses for CEOs. Initially inspired by economists in the 1970s, corporate directors believed that these financial incentives would enhance company performance. However, as Dorff reveals, this trend is rooted in largely unproven assumptions that continue to shape corporate governance today. Join the conversation about the real impacts of these compensation practices on businesses and society. Perfect for executives, scholars, and anyone interested in the dynamics of corporate leadership and compensation management, this book is a must-read for understanding the myths surrounding the indispensability of top executives.