Application of distributive justice theory to the CEO pay problem: Recommendations for reform [Book Review]

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)
DOI 10.1007/BF01666561
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: 47,283
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

Executive Pay: How Much Is Too Much?Craig Cox & Sally Power - 1991 - Business Ethics; The Magazine of Corporate Responsibility 5 (5):18-24.

Add more references

Citations of this work BETA

Add more citations

Similar books and articles


Added to PP index

Total views
58 ( #153,792 of 2,290,693 )

Recent downloads (6 months)
1 ( #835,662 of 2,290,693 )

How can I increase my downloads?


My notes

Sign in to use this feature