David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Business Ethics Quarterly 19 (2):235-250 (2009)
Debates about the ethics of executive compensation are dominated by familiar themes. Many writers consider whether the amount of pay CEOs receive is too large—relative to firm performance, foreign CEO pay, or employee pay. Many others consider whether the process by which CEOs are paid is compromised by weak or self-serving boards of directors. This paper examines the issue from a new perspective. I focus on the duties executives themselves have with respect to their own compensation. I argue that CEOs’ fiduciary duties place a moral limit on how much compensation they can accept, and hence seek in negotiation,from their firms. Accepting excessive compensation leaves the beneficiaries of their duties (e.g., shareholders) worse off, and thus is inconsistent with observing those duties
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Bahram Soltani (2014). The Anatomy of Corporate Fraud: A Comparative Analysis of High Profile American and European Corporate Scandals. Journal of Business Ethics 120 (2):251-274.
Maria Joutsenvirta (2013). Executive Pay and Legitimacy: Changing Discursive Battles Over the Morality of Excessive Manager Compensation. [REVIEW] Journal of Business Ethics 116 (3):459-477.
Claude Francoeur, Andrea Melis, Silvia Gaia & Simone Aresu (forthcoming). Green or Greed? An Alternative Look at CEO Compensation and Corporate Environmental Commitment. Journal of Business Ethics.
Similar books and articles
Robert Kolb & Jeffrey Moriarty (2011). Dialogue - CEO Compensation. Business Ethics Quarterly 21 (4):679-691.
Mel Perel (2003). An Ethical Perspective on CEO Compensation. Journal of Business Ethics 48 (4):381-391.
Kiridaran Kanagaretnam, Gerald J. Lobo & Emad Mohammad (2009). Are Stock Options Grants to Ceos of Stagnant Firms Fair and Justified? Journal of Business Ethics 90 (1):137 - 155.
Donald Nichols & Chandra Subramaniam (2001). Executive Compensation: Excessive or Equitable? [REVIEW] Journal of Business Ethics 29 (4):339 - 351.
James A. Brander (2006). The Effect of Ethical Fund Portfolio Inclusion on Executive Compensation. Journal of Business Ethics 69 (4):317 - 329.
Jeffrey Moriarty (2005). Do CEOs Get Paid Too Much? Business Ethics Quarterly 15 (2):257-281.
Bruce Walters, Tim Hardin & James Schick (1995). Top Executive Compensation: Equity or Excess? Implications for Regaining American Competitiveness. [REVIEW] Journal of Business Ethics 14 (3):227 - 234.
Jeffrey Moriarty (2012). Justice in Compensation: A Defense. Business Ethics 21 (1):64-76.
Ella Mae Matsumura & Jae Yong Shin (2005). Corporate Governance Reform and CEO Compensation: Intended and Unintended Consequences. [REVIEW] Journal of Business Ethics 62 (2):101 - 113.
Julian Friedland (2010). A Fair Wage? Capping Executive Compensation. Journal of Business Ethics Education 7:129-139.
Jeffrey Moriarty (2011). Does Distributive Justice Pay? Sternberg's Compensation Ethics. International Journal of Applied Philosophy 25 (1):33-48.
John Dobson (2011). A Moral and Economic Defense of Executive Compensation. Business and Professional Ethics Journal 30 (1-2):59-70.
Allan S. Ashley & Simon S. M. Yang (2004). Executive Compensation and Earnings Persistence. Journal of Business Ethics 50 (4):369-382.
Obeua S. Persons (2006). The Effects of Fraud and Lawsuit Revelation on U.S. Executive Turnover and Compensation. Journal of Business Ethics 64 (4):405 - 419.
Jared D. Harris (2009). What's Wrong with Executive Compensation? Journal of Business Ethics 85 (1):147 - 156.
Added to index2011-01-09
Total downloads37 ( #87,928 of 1,725,305 )
Recent downloads (6 months)2 ( #268,572 of 1,725,305 )
How can I increase my downloads?