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    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.
    Kaptein, Muel 2017. When organizations are too good: Applying Aristotle's doctrine of the mean to the corporate ethical virtues model. Business Ethics: A European Review, Vol. 26, Issue. 3, p. 300.
    Soltani, Bahram 2014. The Anatomy of Corporate Fraud: A Comparative Analysis of High Profile American and European Corporate Scandals. Journal of Business Ethics, Vol. 120, Issue. 2, p. 251.
    Kolb, Robert and Moriarty, Jeffrey 2011. Dialogue: CEO Compensation. Business Ethics Quarterly, Vol. 21, Issue. 04, p. 679.
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Dialogue: CEO Compensation

  • Robert Kolb and Jeffrey Moriarty
Abstract:

In 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.

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COPYRIGHT: © Society for Business Ethics 2011
References
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Moriarty, J. 2009. How much compensation can CEOs permissibly accept? Business Ethics Quarterly, 19(2): 235–50.
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Business Ethics Quarterly
  • ISSN: 1052-150X
  • EISSN: 2153-3326
  • URL: /core/journals/business-ethics-quarterly
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