Do CEOS get Paid too much?

Jeffrey Moriarty

Business Ethics Quarterly, 2005, vol. 15, issue 2, 257-281

Abstract: In 2003, CEOs of the 365 largest U.S. corporations were paid on average $8 million, 301 times as much as factory workers. This paper asks whether CEOs get paid too much. Appealing to widely recognized moral values, I distinguish three views of justice in wages: the agreement view, the desert view, and the utility view. I argue that, no matter which view is correct, CEOs get paid too much. I conclude by offering two ways CEO pay might be reduced.

Date: 2005
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