If You’re So Ethical, Why Are You So Highly Paid?
In the past 30 years, senior executive pay has increased dramatically in the UK, US and other developed countries, causing much debate and, at times, public outrage. In this book, Alexander (‘Sandy’) Pepper argues that this soaring inflation in high pay is the result of a market failure, leading to...
में बचाया:
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | Online |
| भाषा: | अंग्रेज़ी |
| प्रकाशित: |
LSE Press
2026
|
| विषय: | |
| ऑनलाइन पहुंच: | https://directory.doabooks.org/handle/20.500.12854/171554 |
| टैग: |
कोई टैग नहीं, इस रिकॉर्ड को टैग करने वाले पहले व्यक्ति बनें!
|
| _version_ | 1869531220649443328 |
|---|---|
| author | Pepper, Alexander |
| author_browse | Pepper, Alexander |
| author_facet | Pepper, Alexander |
| author_sort | Pepper, Alexander |
| collection | Directory of Open Access Books |
| description | In the past 30 years, senior executive pay has increased dramatically in the UK, US and other developed countries, causing much debate and, at times, public outrage. In this book, Alexander (‘Sandy’) Pepper argues that this soaring inflation in high pay is the result of a market failure, leading to inefficient pay practices that are replicated across industries. Individual company’s renumeration committees face a prisoner’s dilemma, and so recommend over-the-odds payments in the vain hope of obtaining superior talent. For institutional investors, these developments have created a collective action problem, with many historically unwilling or unable to intervene to curtail excessive corporate pay.But are executives themselves really the greedy, self-interested, fat cats of popular culture? Based on a thought experiment and survey of beliefs of over a thousand senior executives from around the world, Pepper and his colleagues found that business executives in fact tend not to justify their pay levels as if they were ethical egoists entitled to act entirely in their own self-interest. Instead, they expressed support for a range of ethical beliefs on inequality and distributive justice. They can be categorised as either welfare liberals, relational egalitarians, meritocrats or free marketeers. Many believe that in a civilised society everyone has the right to an income that is sufficient for a dignified life, and that companies, not just governments, have responsibilities in this respect. So, Pepper argues, it is the market failure in executive pay that has created such wage inflation at the top, and this ultimately requires an ethical response from investors, companies and executives.This is a book for anyone who wishes to understand and tackle business’s role in the growing social inequality of advanced economies in an informed, fair and feasible way. |
| format | Online |
| id | doab-20.500.12854ir-171554 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2026 |
| publishDateRange | 2026 |
| publishDateSort | 2026 |
| publisher | LSE Press |
| publisherStr | LSE Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1715542026-02-12T10:38:18Z If You’re So Ethical, Why Are You So Highly Paid? Pepper, Alexander Business & Economics / Business Ethics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJG Business ethics and social responsibility In the past 30 years, senior executive pay has increased dramatically in the UK, US and other developed countries, causing much debate and, at times, public outrage. In this book, Alexander (‘Sandy’) Pepper argues that this soaring inflation in high pay is the result of a market failure, leading to inefficient pay practices that are replicated across industries. Individual company’s renumeration committees face a prisoner’s dilemma, and so recommend over-the-odds payments in the vain hope of obtaining superior talent. For institutional investors, these developments have created a collective action problem, with many historically unwilling or unable to intervene to curtail excessive corporate pay.But are executives themselves really the greedy, self-interested, fat cats of popular culture? Based on a thought experiment and survey of beliefs of over a thousand senior executives from around the world, Pepper and his colleagues found that business executives in fact tend not to justify their pay levels as if they were ethical egoists entitled to act entirely in their own self-interest. Instead, they expressed support for a range of ethical beliefs on inequality and distributive justice. They can be categorised as either welfare liberals, relational egalitarians, meritocrats or free marketeers. Many believe that in a civilised society everyone has the right to an income that is sufficient for a dignified life, and that companies, not just governments, have responsibilities in this respect. So, Pepper argues, it is the market failure in executive pay that has created such wage inflation at the top, and this ultimately requires an ethical response from investors, companies and executives.This is a book for anyone who wishes to understand and tackle business’s role in the growing social inequality of advanced economies in an informed, fair and feasible way. 2026-02-12T10:38:14Z 2026-02-12T10:38:14Z 2022 book 9781909890954 https://directory.doabooks.org/handle/20.500.12854/171554 eng LSE Press 74dc3a2f-c8d1-428d-b77c-3bec749428da 9781909890954 198 open access |
| spellingShingle | Business & Economics / Business Ethics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJG Business ethics and social responsibility Pepper, Alexander If You’re So Ethical, Why Are You So Highly Paid? |
| title | If You’re So Ethical, Why Are You So Highly Paid? |
| title_full | If You’re So Ethical, Why Are You So Highly Paid? |
| title_fullStr | If You’re So Ethical, Why Are You So Highly Paid? |
| title_full_unstemmed | If You’re So Ethical, Why Are You So Highly Paid? |
| title_short | If You’re So Ethical, Why Are You So Highly Paid? |
| title_sort | if you re so ethical why are you so highly paid |
| topic | Business & Economics / Business Ethics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJG Business ethics and social responsibility |
| topic_facet | Business & Economics / Business Ethics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJG Business ethics and social responsibility |
| url | https://directory.doabooks.org/handle/20.500.12854/171554 |
| work_keys_str_mv | AT pepperalexander ifyouresoethicalwhyareyousohighlypaid |