On Windows I use CDex. Insert CD, it gets CDDB information then rips to a single folder. Regardless of the numbers of artists, it's one folder - it's a copy of the CD tracks.
How do I make Max do this?
My apologies if the answer to this is staring straight at me.
You'll need to set up custom output file naming. You can do this in Max's Preferences, in the Output pane. A format like "{albumTitle}" might be what you're looking for.