This is a summary review of Fair Pay Fair Play containing key details about the book.

What is Fair Pay Fair Play About?

“Fair Pay Fair Play” by Mark L. Meaney examines the gender pay gap and offers insights on how businesses can achieve greater pay equity and create a more inclusive workplace. (Full Summary…)

Fair Pay Fair Play Summary Review

“Fair Pay, Fair Play: Aligning Executive Performance and Pay” by Robin A. Ferracone is a comprehensive exploration into the intricate world of executive compensation, offering readers a timely and insightful perspective on a subject that has garnered significant attention and scrutiny in recent times.

Ferracone, recognized as a leading expert in executive compensation, brings to the table her extensive 20 years of experience, coupled with interviews with executives and compensation committees. The book serves as a guide for boards and individuals tasked with evaluating executive pay, providing them with the analytical tools needed to make informed decisions regarding compensation packages.

A distinguishing feature of the book is Ferracone’s utilization of a database encompassing executive pay data from 44,000 companies over the past 25 years. This wealth of information is systematically broken down based on company performance, revenue, and industry, empowering readers to make nuanced and data-driven evaluations.

The author weaves real-life stories, perspectives, and insights from thought leaders in the field of executive compensation. The inclusion of interviews with compensation committee members, executives, academicians, government leaders, and shareholder activists adds a layer of practicality to the theoretical underpinnings of the book.

Ferracone addresses the challenges faced by boards in retaining executives and provides analytical approaches to counteract potential pitfalls. The book emphasizes the consequences of “over-paying” executives out of fear of losing them, offering alternative perspectives and demonstrating the long-term effects of such decisions.

A notable aspect of Ferracone’s approach is the consideration of human elements in executive compensation. She delves into the critical role of an executive’s passion and drive, showcasing how compensation should complement, rather than solely create, these intrinsic factors.

The customer reviews accompanying the book echo the sentiment of its comprehensive and insightful content. Readers praise the book for presenting the complexities of executive compensation in an engaging and clear manner. Ferracone’s analytical approaches are commended, particularly in providing reasonable ways to approach and think about executive pay in a world where populist outrage has been on the rise.

Throughout the book, Ferracone challenges prevailing myths around executive compensation, offering readers a nuanced understanding of the subject. Her emphasis on the alignment of pay with company performance, along with practical tools like the “Alignment Model,” contributes to the overall theme of fairness in executive compensation.

While the book delves into the intricacies of executive compensation, it also offers a broader perspective on the sociological aspects surrounding wealth, power, and fame. Ferracone encourages a constructive shift in values, advocating for a focus on making a meaningful contribution to society.

Essentially, “Fair Pay, Fair Play” stands out as a valuable resource for anyone involved in executive compensation decisions. Ferracone’s blend of practical insights, data-driven analysis, and a comprehensive database of executive pay creates a compelling narrative that goes beyond the surface-level discussions surrounding this hot-button topic.

Who is the author of Fair Pay Fair Play?

Robin Ferracone is the founder and Chief Executive Officer of Farient Advisors, executive compensation and performance advisory firm.

How long is Fair Pay Fair Play?

• Print length: 304 pages

What genre is Fair Pay Fair Play?

Business, Leadership