CEOs

                When CEO’s utilize the advantages of their position to increase their level of pay they are undermining the very business that provided them with their already very lucrative position. In cases where CEOs are sitting in on their own compensation committees, they have an opportunity to prove their own ethical foundation by doing what is best for the company and other employees rather than thinking simply of themselves. This is especially true if the company is in a position where they need to consider layoffs. Of course, it would make more sense not to necessitate a decision like this and to keep CEOs out of discussions of their pay, but when it happens people should be aware of and consider the ethical implications. Ethics in business, especially in the higher echelons, may seem like an ideal that is not reachable in reality but there are certainly cases of ethically responsible CEO’s. An example is Jim Sturgess who is CEO of Costco. His pay is particularly surprising, “But the most remarkable thing about Sinegal is his salary -- $350,000 a year, a fraction of the millions most large corporate CEOs make.” This is a corporation that does very well but does not pay its CEO and exorbitant amount and pays its employees well. It is a case showing that ethics and big business do not have to be incompatible. The article this quote is taken from is linked below:

http://abcnews.go.com/2020/Business/story?id=1362779