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date: 22 February 2020

Abstract and Keywords

This article examines executive compensation in the context of business ethics. It argues that high levels of executive compensation can be justified in a free market capitalist system if certain conditions are met. The conditions include that the bargaining between a chief executive officer and shareholders do not involve fraud or a breach of fiduciary duty. This article explains that some form of capitalism is morally justified and consequently both the principles of compensation in a free market and the patterns of distribution of income and wealth produced by the market are just.

Keywords: executive compensation, business ethics, free market capitalist system, chief executive officer, fraud, fiduciary duty

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