The Social and Ethical Responsibilities in MNCs

Plato believed that the rulers of the ideal society should be paid no more than four times the lowliest member of that society was paid. In the United States in 1980, CEO compensation was estimated to be 42 times that of average employees; by 2014 it was 303 times. The $700 billion government bailout of 2008 rescued many major 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 in the financial sector were rewarded with enormous pay packages. The Economic Policy Institute reported in 2016 that the CEO-worker pay ratios of the largest 168 companies in the United States averaged 70 – 1 with some earning more than 300 times the median salaries of their employees.

1. Write a 3-4 Problem-Solution Analysis Paper.

2. In your writing, analyze executive compensation with the ethical toolkit and address the following questions in writing:

o How would Milton Friedman want to compensate executives?

o How would a utilitarian?

o A deontological thinker?

o What would a virtue ethicist have to say about executive compensation?

o What would be the response of the ethic of care?

3. 1-inch margins

4. Double-spaced

5. 12-point Times New Roman font

6. Title page with topic and your name

7. References page

8. *** Make sure you cite ALL information in the text that is used from another source, paper

will be checked for plagiarism upon submission