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Justice in Compensation

Delve into the complexities of compensation theories in corporate settings, analyzing stakeholder theories, material theories of justice like merit and equality, and examining issues with monopolies, agency, and fairness.

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Justice in Compensation

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  1. Justice in Compensation By: Ronald F. White, Ph.D. Professor of Philosophy

  2. Introduction • College Professors • Surgeons • Professional Athletes

  3. Theories • Patterned Theory of Compensation • Unpatterned Theory of Compensation

  4. Patterned Theory of Compensation • Stakeholder Theory • Material Theories of Justice • Merit • Need • Equality • Utility • Welfare Liberalism • John Rawls • Social Minimum • Difference Principle

  5. Unpatterned Theory of Compensation • Stockholder Theory • Free Market • Ownership of Corporation • Contracts • Voluntary • Competition • Free Entry • Free Exit

  6. Issues • Monopolies • Natural • Artificial • Unions (collective bargaining/global markets) • Cartels • Minimum Wage • Executive Compensation • Agency Issues • Stakeholder Theory • Fairness • Utility • Stockholder Theory • Privacy- • Transparency-

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