High corporate ceo pay during an economic downturn

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Reference no: EM131797856

Executive compensation is typically set by a free market; that is, corporate boards may offer whatever compensation they choose to get the individual they want. Most corporate executives are working their hardest during times when companies are struggling…necessitating layoffs of lesser-paid employees. Discuss the ethics of high corporate CEO pay during an economic downturn. (Remember that compensation is set by the board, not by the executive himself.)

Reference no: EM131797856

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