TAILIEUCHUNG - Corporate Executive Salaries – The Argument from Economic Effi ciency

Th is motivation explains the desire for continually increasing executive salaries, but does not justify them. Nor does it explain why the higher salaries are agreed to. Recognition of ability is an understandable desire in members of every profession, and higher salary is one of the means of providing it. Yet it is not the case that salaries in every other profession are continually rising in real terms. Th us the desire for recognition might explain the motivation of executives seeking higher salaries, but does not explain why they are awarded. Th is motivation also. | EJBO Electronic Journal of Business Ethics and Organization Studies Vol. 13 No. 2 2008 Corporate Executive Salaries - The Argument from Economic Efficiency Scott Elaurant Abstract The very high level and constant growth in salaries for corporate executives has been a trend causing debate for over a decade now. It has given rise to a range of arguments for and against high salary levels. The single most prevalent argument for high executive salaries has been the argument based on economic efficiency. In this argument high salaries for corporate executives are justified as they form an incentive that motivates them to high performance. While striving to earn these incentives executives achieve improvements to productivity in their firm which benefits society. This paper considers the argument from economic efficiency from a philosophical viewpoint. Arguments for and against this justification are examined for consistency with philosophical distributive justice and economic theory to test their logical soundness. Empirical evidence from Australian and United States salary markets is also examined where relevant to conclude on the validity of the arguments. Most arguments for high executive pay are shown to be unsound in that they assume cause and effect by linking the executive s actions to the corporation s performance. Philosophically the efficiency argument may be valid provided empirical evidence confirms that high executive pay leads to improved societal wellbeing. However on the evidence of most studies that is not empirically true for executives in Australia and the United States Introduction This paper considers corporate executive salaries from the viewpoint of philosophical consequentialist theories of distributive justice. That is it considers whether the level of such salaries can be morally justified for the society in which the corporation operates. This paper will examine one category of commonly cited justifications for high corporate executive .

• Kinh tế học
• chest pain
• breathlessness
• hypoproteinaemia
• findings suggestive
• digital clubbing
• neurological tuberculosis
• Cognitive behaviour therapy
• Non cardiac chest pain
• Randomized trial
• Psychological treatment
• Schedule for Evaluating Persistent Symptoms
• BMC Anesthesiology
• Thoracoscopic wedge resection
• Chest tube
• Double lumen central venous catheter
• Postoperative pain
• pleuritic chest
• non productive
• Occasionally
• low grade pyrexia
• loss of appetite