Discussion Post: Ethical dilemma, What would you do?
Executive Compensation
In 2017, the CEO-to-worker pay ratio was about 361:1. Oracle's co-CEOs made about $25.3 million each in 2018. A minimum wage full-time employee at Walmart would have to work more than 1,500 hours to earn as much as the Walmart CEO makes in 1 hour. Some say top executives are being overpaid; Fortune 500 CEOs all make millions.
However, not everyone agrees. In capitalist countries, talented CEOs, like in pro sports, are entitled to fetch their price. Top executives should be paid multimillion-dollar compensation packages; after all, if it weren't for effective CEOs, companies would not be making the millions of dollars of profits they make each year. CEOs deserve a piece of the pie they help create.
Task:
o Do executives deserve to make 300 times more than the average worker?
o Is it ethical for managers to take large pay increases when laying off employees?
o Is it ethical for managers to get pay raises when their companies lose money?
o Are companies being socially responsible when paying executives premium compensation?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.