Ethical Responsibility of Corporations

corporations have ethically responsibilities to their employee

According to Fortune magazine, in 1978, chief executive officers (CEOs) of major American corporations earned 30 times the average earnings of the employees of the corporations that they ran. In 2016, CEOs earned 276 times the average earnings of the employees of the corporations that they ran.

Do corporations have ethically responsibilities to their employees that suggest that this kind of CEO compensation is improper? Do corporations have ethical responsibilities to their customers to control CEO compensation?

– Cite any direct quotes or paraphrased material from outside sources.

-Use APA format.

Answer preview

Mutual interdependence between business and society has increasingly cut into the corporates’ ethical and social responsibility (Schwartz & Carroll, 2003). According to Fortune Magazine 1978, CEOs of major American corporations earn 30 times the average earning of their employees. In 2016, CEOs earned 276 times of the same. This paper reviews the ethical responsibility of these corporations towards employees and customers which aim of addressing the seemingly improper CEOs compensation framework…

 

 

(300 words)