According to Fortune magazine, in 1978, chief executive officers (CEOs) of major American corporations earned 30 times the average earnings of the employees of the corporations that they ran. In 2016, CEOs earned 276 times the average earnings of the employees of the corporations that they ran.
Do corporations have ethically responsibilities to their employees that suggest that this kind of CEO compensation is improper? Do corporations have ethical responsibilities to their customers to control CEO compensation?