In a bloomberg article reporting stats on executive

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employee in their organization, what is surprising is the average percentage of difference. In a Bloomberg article reporting stats on executive pay in 2016, it stated that the “CEO’s of S&P 500 companies made 347 times more than their employees in 2016”. The report also noted that in “Japan, CEO’s make about 67 times more than workers, and eight of the ten highest-paid executives there are from other countries”. In 2010 a study on Michael Duke, the then CEO of Walmart, made more in one hours’ time than new employees did annually. These frontline workers are essentially the ones who are the backbone of the organization and although I feel that CEO’s should be paid at a higher rate than their average employee, I don’t feel that gap should be nearly 200 or 300 times the amount of the average worker. CEO’s should be mindful or the income disparity between their pay and that of staff below them because the average worker may not put for the effort required to reach the organizations objectives and it’s detrimental to employee morale, which is what drives and employee to do better at their jobs and thus increases an organizations value. 7) What are the arguments for and against the concept of corporate social responsibility? Where do you stand and why? Give your opinions, specifically, with respect to the text examples. Corporate social responsibility, as defined in the textbook is “the obligation towards society assumed by business” and it “reflects the social imperatives and the social consequences of business success and consists broadly of policies and practices that reflect business responsibility for some of the wider societal good”. Those that oppose social responsibility place highest importance on gaining maximum profit and not about the needs of their customers. Those that advocate for corporate social responsibility believe that when making business decisions, human needs should be considered. They believe that an organizations responsibility extends “beyond the production of goods and services as a profit” (155). My beliefs align most closely with the advocates of social responsibility. I believe that if the organization shifts with the changing needs of its clientele and, they will be more successful/ profitable. By being socially conscious and considering what the
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