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Abstract

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.

Keywords

Board Member Stock Option Supervisory Board Executive Compensation Normative Criterion 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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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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