Plato believed that the rulers of the ideal society should be paid no more than four times
Question:
Plato believed that the rulers of the ideal society should be paid no more than four times what the lowliest member of that society was paid. In the United States in 1980, CEO compensation was estimate to be 42 times that of average employees; b 2005, it was 411 times. the $700 billion government bailout of 2008 rescued many financial institutions whose leaders had steered the United States into the worst economic crisis since the great depression. while millions of jobs, homes, and retirement savings were lost, senior executives and financial sector were rewarded with enormous pay packages. in 2009, or example, Thomas Montage CEO of Bank of America received nearly $30 Million. Lloyd Blankfein, CEO of Goldman Sachs an Walid Chammah, CEO o Morgan Stanely were each given about $10 Million. As of 2012, the average salary of a CEO was 354 times that of an average employee. Analyze executive compensation with the ethical toolkit. how would Milton Friedman want to recompense corporate executives? How would a utilitarian? A dentological thinker? what would a virtue ethicist have to say about executive compensation? What would b the response of the ethic o care?