Question
Write a paper that addresses the following prompt: the average U.S. CEO was paid approximately $12.94 million in 2011, while the average U.S. workers pay
Write a paper that addresses the following prompt: the average U.S. CEO was paid approximately $12.94 million in 2011, while the average U.S. worker’s pay was approximately $34,000.
1. Is this disparity in compensation ethical? Why or why not?
2. How much of a disparity in compensation would be fair or ethical between a CEO and a worker?
3. What factors justify the average rate of pay for a CEO? What factors make the average rate of pay for a CEO unethical and/or unfair?
4. If you believe that the disparity in pay between CEOS and the typical worker is unethical, what recommendations would you suggest to make pay more fair or ethical?
5. How does this disparity compare to that of CEOS and workers in countries outside the U.S.?
Step by Step Solution
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Step: 1
Ethics in Employee Compensation 1 From the figures it is clear that the US CEO averagely earned 380 times more than what the average US employee earned This disparity in compensation is not ethical It ...
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Step: 2
Step: 3
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
