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Do CEOS get Paid too much?

Published online by Cambridge University Press:  23 January 2015

Jeffrey Moriarty
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Abstract:

In 2003, CEOs of the 365 largest U.S. corporations were paid on average $8 million, 301 times as much as factory workers. This paper asks whether CEOs get paid too much. Appealing to widely recognized moral values, I distinguish three views of justice in wages: the agreement view, the desert view, and the utility view. I argue that, no matter which view is correct, CEOs get paid too much. I conclude by offering two ways CEO pay might be reduced.

Type
Articles
Information
Business Ethics Quarterly , Volume 15 , Issue 2 , April 2005 , pp. 257 - 281
Copyright
Copyright © Society for Business Ethics 2005

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