How Much Compensation Can CEOs Permissibly Accept?

Business Ethics Quarterly 19 (2):235-250 (2009)
Abstract
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)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,357
External links
  • Through your library Configure
    References found in this work BETA

    No references found.

    Citations of this work BETA
    Similar books and articles
    Mel Perel (2003). An Ethical Perspective on CEO Compensation. Journal of Business Ethics 48 (4):381-391.
    Jeffrey Moriarty (2005). Do CEOs Get Paid Too Much? Business Ethics Quarterly 15 (2):257-281.
    Julian Friedland (2010). A Fair Wage? Capping Executive Compensation. Journal of Business Ethics Education 7:129-139.
    John Dobson (2011). A Moral and Economic Defense of Executive Compensation. Business and Professional Ethics Journal 30 (1-2):59-70.
    Jared D. Harris (2009). What's Wrong with Executive Compensation? Journal of Business Ethics 85 (1):147 - 156.
    Analytics

    Monthly downloads

    Added to index

    2011-01-09

    Total downloads

    24 ( #60,979 of 1,088,426 )

    Recent downloads (6 months)

    6 ( #17,280 of 1,088,426 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature


    Discussion
    Start a new thread
    Order:
    There  are no threads in this forum
    Nothing in this forum yet.