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.)
Expert Answer
CEOs are paid exceptionally higher compensation from the rest of the employees for two main reasons, firstly, they are the ones taking the biggest risks through their decisions and hence
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