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This disquieting correlation is apparent in Mizruchi’s discussion of what he calls “the new chief executive officer.” He appreciates one of the realities of the lives of America’s corporate chieftains that is sometimes lost when we look only at their paychecks. Since the early 1980s—not coincidentally, the period when the book shows the corporate elite became more conservative and more skeptical of the state—CEO compensation has soared. But Mizruchi understands that these surging financial rewards came with strings attached—in this case, a loss of control over their domain, what Mizruchi calls decreased “autonomy.”

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