Money for Nothing : How CEOs and Boards Are Bankrupting America

The world of CEOs and boards has become an entitled insiders clubvirtually free of accountabilityand the abject failure of our corporate leaders to police themselves is costing Americans trillions and seriously undermining the strength of our economy. Whereas boards are supposed to act as watchdogs, guarding shareholders interests, they have become enabling lapdogs to CEOs, who are aided and abetted in their pursuit of outrageous pay and unfettered power by a bevy of supporting players, including compensation consultants who justify exorbitant pay packages and accountants and attorneys who see no evil.

Based on extensive original reporting and interviews with high-level insiders at a host of leading companies, John Gillespie and David Zweigboth Harvard MBAs with thirtyplus years of Fortune 100 experiencereveal the inner workings of this dysfunctional culture and the many methods CEOs and boards use to shut shareholders out, entrench themselves, and fight reforms with shareholders' own money. Money for Nothing is a vital expos of how the game is played and a powerful call for change, laying out the specific reforms that are needed to fix the glaring dysfunctions that are imperiling the health of American business.