Application of distributive justice theory to the CEO pay problem: Recommendations for reform [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 12 (6):469 - 482 (1993)
An ethical analysis of chief executive officer (CEO) salaries can be approached via theory on distributive justice and an examination of some corporate codes of ethics. U.S. CEO salaries are compared with their Japanese and European counterparts, and factors behind the high U.S. CEO salaries are reviewed. The negative repercussions of high pay are discussed, including feelings of unfairness, declining morale and greater cynicism found in lower level employees. Reduced research and development budgets, and downsized organizations are related to the maintenance of high CEO salaries. After considering economic repercussions, recommendations for reform, which lead to the greatest expected benefit of the least advantaged, are made.
|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
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.
Similar books and articles
James D. Werbel & Suzanne M. Carter (2002). The Ceo's Influence on Corporate Foundation Giving. Journal of Business Ethics 40 (1):47 - 60.
Mel Perel (2003). An Ethical Perspective on CEO Compensation. Journal of Business Ethics 48 (4):381-391.
Jared D. Harris (2009). What's Wrong with Executive Compensation? Journal of Business Ethics 85 (1):147 - 156.
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.
John R. Boatright (2009). From Hired Hands to Co-Owners. Business Ethics Quarterly 19 (4):471-496.
Eddy S. Ng & Greg J. Sears (2012). CEO Leadership Styles and the Implementation of Organizational Diversity Practices: Moderating Effects of Social Values and Age. [REVIEW] Journal of Business Ethics 105 (1):41-52.
Daniel J. Slater & Heather R. Dixon-Fowler (2009). Ceo International Assignment Experience and Corporate Social Performance. Journal of Business Ethics 89 (3):473 - 489.
Linda L. Carr & Moosa Valinezhad (1994). The Role of Ethics in Executive Compensation: Toward a Contractarian Interpretation of the Neoclassical Theory of Managerial Renumeration. [REVIEW] Journal of Business Ethics 13 (2):81 - 93.
Robert S. Dooley & Linda D. Lerner (1994). Pollution, Profits, and Stakeholders: The Constraining Effect of Economic Performance on CEO Concern with Stakeholder Expectations. [REVIEW] Journal of Business Ethics 13 (9):701 - 711.
Donald Nichols & Chandra Subramaniam (2001). Executive Compensation: Excessive or Equitable? [REVIEW] Journal of Business Ethics 29 (4):339 - 351.
Added to index2009-01-28
Total downloads20 ( #84,271 of 1,100,561 )
Recent downloads (6 months)3 ( #115,236 of 1,100,561 )
How can I increase my downloads?