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Welcome to the good stuff. I'm Jacob Schick, a third generation combat marine.

And I'm his co-host and wife Ashley Schick. We believe everyone has a story to tell.

Not only about the peaks but the valleys they've been through to get them to where they are today.

We're joined by some amazing guests who share the lessons they've learned that shape

two they are and what they're doing to pay it forward and give back.

Listen to the good stuff on the iHeartRadio app, Apple podcasts, or wherever you get your podcasts.

This is Masters in Business with Barry Redholz on Bloomberg Radio.

This week on the podcast I have Stephen Clifford. He is the author of the CEO Pay Machine.

If you have ever wondered why executives in public companies in America are paid more than just

about anybody else and not a little more, not 25 times like it used to be in the before 1980

or 50 times which is more or less what it is in other countries. But 500 times with the average

worker gets this is going to be quite a fascinating conversation. This is not the usual

screen from the far left of the political spectrum. Clifford is a former CEO. He's been a board member

on numerous companies. This is somebody within the corporate firmament who has just recognized

how completely absurd executive compensation has become. He criticizes his fellow board members.

He criticizes the so-called independent outside advisors. He has lots of things to say about the

consultants. He calls them some pretty nasty names as they are completely compromised and don't

work for shareholders. He discusses the impact of just the gross excess pay not only on shareholders

which he says is unfair. But the impact on companies themselves, the more highly paid and executive

...