Plato believed that the rulers of the ideal society should be paid no more than four times what the lowliest member of that society was paid. In the United States in 1980, CEO compensation was estimated to be 42 times that of average employees; by 2014, it was 303 times. The $700-billion government bailout of 2008 rescued many major financial institutions whose leaders had steered the United States into the worst economic crisis since the Great Depression. While millions of jobs, homes, and retirement savings were lost, senior executives in the financial sector were rewarded with enormous pay packages. The Economic Policy Institute reported in 20 16 that the CEOworker pay ratios of the largest 168 companies in the United States averaged 701, with some earning more than 300 times the median salaries of their employees. Analyze executive compensation with the ethical toolkit. How would Milton Friedman want to recompense corporate executives? How would a utilitarian? A deontological thinker? What would a virtue ethicist have to say about executive compensation? What would be the response of the ethic of care