If You’re So Ethical, Why Are You So Highly Paid?

The latest book from Prof Alexander Pepper explains spiraling executive pay as a market failure and argues this ultimately requires an ethical response.
If You’re So Ethical, Why Are You So Highly Paid? book by  Alexander Pepper

CEMS is extremely proud of the 33 Academic Partners in the alliance and all the faculty members that contribute to the CEMS Master In Management Alexander (Sandy) Pepper  is the Emeritus Professor of Management Practice at the CEMS member school, London School of Economics and Political Science. His new book "If You’re So Ethical, Why Are You So Highly Paid?" addresses the notions of  Ethics, Inequality and Executive Pay. 

The content of the book includes insightful elaborations and discussions on questions such as:

  • " Why do some people appear to obtain a disproportionate share of income and wealth? "
  • " How might the high pay of top managers be justified from an ethical perspective? " 
  • " What do business executives think about distributive justice? "

We asked 1,000 business executives around the world to think themselves into what the philosopher John Rawls called the “original position”, in which no one knows their place in society, their social status, nor their fortune in terms of their share of natural assets, their intelligence, or their physical strength.

Then we asked the executives to express how they felt about six different principles of distributive justice, including desert (some people deserve higher rewards because of their contribution) and sufficiency (everyone is entitled to have enough to lead a dignified life). Did they agree that communities and companies in which each of these principles was embedded would be a just society? -  writes Alexander Pepper on the Guardian.

Sandy is one of the UK’s recognised experts on executive pay. He is the author of several academic articles and books on the subject. This book in particular is for anyone who wishes to understand and tackle business’s role in the growing social inequality of advanced economies in an informed, fair and feasible way.