Executive compensation is frequently under moral pressure in public discussions. The pivotal question is whether high payment of top executives, especially of CEOs, can be ethically justified, and if so, under which conditions. This article argues that high executive compensation is generally justified, provided certain conditions are met.


Board Member Stock Option Supervisory Board Executive Compensation Normative Criterion 
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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Chair of Business EthicsTechnical University of MunichMunichGermany

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