Journal of Business Ethics

, Volume 48, Issue 2, pp 189-202

First online:

A Model Capturing Ethics and Executive Compensation

  • Waymond RodgersAffiliated withGraduate School of Management, University of California
  • , Susana GagoAffiliated withSocial and Law Sciences School, Carlos III University of Getafe (Madrid)University of Santiago de Compostela

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This article develops and applies a knowledge-based framework for understanding and interpreting executive compensation under the rubric of ethical consideration. This framework classifies six major ethical considerations that reflect issues in compensation design. We emphasize that these six ethical considerations are influenced by liberty and equality concepts. This framework helps to highlight areas where executive compensation has not been well spelled out.