Dialogue - CEO Compensation

Business Ethics Quarterly 21 (4):679-691 (2011)
Jeffrey Moriarty
Bentley University
Must CEOs Be Saints? Contra Moriarty on CEO Abstemiousness by Robert KolbIn this journal, Jeffrey Moriarty argued that CEOs must refuse to accept compensation above the minimum compensation that will induce them to accept and per­form their jobs. Acting otherwise, he maintains, violates the CEO’s fiduciary duty, even for a CEO new to the firm. I argue that Moriarty’s conclusion rests on a failure to adequately distinguish when a person acts as a fiduciary from when she acts on her own account as a person. Further, Moriarty’s argument assumes that the CEO knows this minimum level of compensation. However, we learn the suitability of compensation only through the market process of wage negotiation, not through some process of introspection. I conclude that a CEO who abstains from interfering with the board of directors and its compensation com­mittee is morally free to negotiate for the highest wage available
Keywords Applied Philosophy  Business and Professional Ethics  Social Science
Categories (categorize this paper)
ISBN(s) 1052-150X
DOI 10.5840/beq201121441
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

Our Archive

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 37,988
External links

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.

Add more references

Citations of this work BETA

Add more citations

Similar books and articles

How Much Compensation Can CEOs Permissibly Accept?Jeffrey Moriarty - 2009 - Business Ethics Quarterly 19 (2):235-250.
An Ethical Perspective on CEO Compensation.Mel Perel - 2003 - Journal of Business Ethics 48 (4):381-391.
A Fair Wage? Capping Executive Compensation.Julian Friedland - 2010 - Journal of Business Ethics Education 7:129-139.
Does Distributive Justice Pay? Sternberg’s Compensation Ethics.Jeffrey Moriarty - 2011 - International Journal of Applied Philosophy 25 (1):33-48.
From Hired Hands to Co-Owners.John R. Boatright - 2009 - Business Ethics Quarterly 19 (4):471-496.
Do CEOs Get Paid Too Much?Jeffrey Moriarty - 2005 - Business Ethics Quarterly 15 (2):257-281.


Added to PP index

Total views
32 ( #209,576 of 2,312,293 )

Recent downloads (6 months)
3 ( #221,745 of 2,312,293 )

How can I increase my downloads?

Monthly downloads

My notes

Sign in to use this feature