Alexander ('Sandy') Pepper is Emeritus Professor of Management Practice at the London School of Economics and Political Science, where he has been teaching and researching since 2008. Prior to this he had a long career at PricewaterhouseCoopers, where he held various senior management positions, including as global leader of PwC's Human Resource Services consulting practice from 2002 to 2006. His research and teaching interests include organisations and management theory, with a particular focus on the theory of the firm, corporate governance, and business ethics. 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, including Agency Theory and Executive Pay (2019), The Economic Psychology of Incentives (2015) and Senior Executive Reward - Key Models and Practices (2006), as well as numerous blogposts and newspaper articles.

• PrefaceAcknowledgementsAbout the authorList of figuresGlossary1 Introduction ethics inequality and executive payA brief history of inequality in the 20th centuryThe rise of the super managerEthical enquiryThe is ought problemSome definitionsTo sum up2 Executive pay and distributive justiceThe economics of executive payDistributive justiceSocial comparisonsTo sum up3 What do business executives think about distributive justiceEmpirical studyFour clustersTo sum up4 Welfare liberalsJohn RawlsSufficientarianismTo sum up5 Relational egalitariansThe dispute between John Rawls and G. A. CohenRonald DworkinTo sum up6 MeritocratsDesertA brief history of desertThe measurement problemTo sum up7 Free marketeersRobert Nozick and entitlement theoryThe market failures approachTo sum up8 If executives are so ethical why are they so highly paidThe causes of market failureTwo watershed eventsRevisiting the investors collective action problemSolutions to the remuneration committee’s dilemmaTo sum up9 What is to be doneGood governmentEthical investorsResponsible executivesTo sum up10 Afterword and postscriptPostscript Mrs Taylor’s piratesAppendix Background survey research for this bookNotesReferences

Alexander ('Sandy') Pepper is Emeritus Professor of Management Practice at the London School of Economics and Political Science, where he has been teaching and researching since 2008. Prior to this he had a long career at PricewaterhouseCoopers, where he held various senior management positions, including as global leader of PwC's Human Resource Services consulting practice from 2002 to 2006. His research and teaching interests include organisations and management theory, with a particular focus on the theory of the firm, corporate governance, and business ethics. 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, including Agency Theory and Executive Pay (2019), The Economic Psychology of Incentives (2015) and Senior Executive Reward - Key Models and Practices (2006), as well as numerous blogposts and newspaper articles.

• PrefaceAcknowledgementsAbout the authorList of figuresGlossary1 Introduction ethics inequality and executive payA brief history of inequality in the 20th centuryThe rise of the super managerEthical enquiryThe is ought problemSome definitionsTo sum up2 Executive pay and distributive justiceThe economics of executive payDistributive justiceSocial comparisonsTo sum up3 What do business executives think about distributive justiceEmpirical studyFour clustersTo sum up4 Welfare liberalsJohn RawlsSufficientarianismTo sum up5 Relational egalitariansThe dispute between John Rawls and G. A. CohenRonald DworkinTo sum up6 MeritocratsDesertA brief history of desertThe measurement problemTo sum up7 Free marketeersRobert Nozick and entitlement theoryThe market failures approachTo sum up8 If executives are so ethical why are they so highly paidThe causes of market failureTwo watershed eventsRevisiting the investors collective action problemSolutions to the remuneration committee’s dilemmaTo sum up9 What is to be doneGood governmentEthical investorsResponsible executivesTo sum up10 Afterword and postscriptPostscript Mrs Taylor’s piratesAppendix Background survey research for this bookNotesReferences

Alexander ('Sandy') Pepper is Emeritus Professor of Management Practice at the London School of Economics and Political Science, where he has been teaching and researching since 2008. Prior to this he had a long career at PricewaterhouseCoopers, where he held various senior management positions, including as global leader of PwC's Human Resource Services consulting practice from 2002 to 2006. His research and teaching interests include organisations and management theory, with a particular focus on the theory of the firm, corporate governance, and business ethics. 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, including Agency Theory and Executive Pay (2019), The Economic Psychology of Incentives (2015) and Senior Executive Reward - Key Models and Practices (2006), as well as numerous blogposts and newspaper articles.

• PrefaceAcknowledgementsAbout the authorList of figuresGlossary1 Introduction ethics inequality and executive payA brief history of inequality in the 20th centuryThe rise of the super managerEthical enquiryThe is ought problemSome definitionsTo sum up2 Executive pay and distributive justiceThe economics of executive payDistributive justiceSocial comparisonsTo sum up3 What do business executives think about distributive justiceEmpirical studyFour clustersTo sum up4 Welfare liberalsJohn RawlsSufficientarianismTo sum up5 Relational egalitariansThe dispute between John Rawls and G. A. CohenRonald DworkinTo sum up6 MeritocratsDesertA brief history of desertThe measurement problemTo sum up7 Free marketeersRobert Nozick and entitlement theoryThe market failures approachTo sum up8 If executives are so ethical why are they so highly paidThe causes of market failureTwo watershed eventsRevisiting the investors collective action problemSolutions to the remuneration committee’s dilemmaTo sum up9 What is to be doneGood governmentEthical investorsResponsible executivesTo sum up10 Afterword and postscriptPostscript Mrs Taylor’s piratesAppendix Background survey research for this bookNotesReferences