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Ethics and Leadership News

June 24, 2013

ESMT Open Lecture with Bruce Kogut "It's not fair! Or...?: Inequality and executive pay"

Topics: Leadership

At this ESMT Open Lecture, Columbia Business School professor Bruce Kogut took a closer look at what inequality really is. Within the frame of the financial and debt crises of the recent past, he discussed inequality in general and the facts and ethics of executive pay. He approached some of the most puzzling questions. Do executives get paid through a 'market for talent' just like football stars get paid? Why did executive pay in the US, and in many countries including Germany, increase so rapidly in the past two decades? If the argument is that executives are compensated for the risk they bear, did they take on too much risk prior to the financial crisis? Do the ones least able and responsible have to bear the greatest burden? Is this fair? What should be done and what is being done? Should we tax salaries higher? Put limits on them? Improve governance? Let the market decide?


Published on Jun 12, 2013



Financial Innovation: A Risky Business?

Watch the trailer for our interactive debate exploring the value of financial markets, the interaction between government and innovation, and what role markets should play in society.

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This event was presented by Fred Friendly Seminars in partnership with the Sanford C. Bernstein & Co. Center for Leadership and Ethics, and was part of Columbia Business School’s Individual, Business and Society (IBS) curriculum.

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2014 Klion Forum

When: April 15th, 2014 6:00 PM-8:00 PM
Where: 3022 Broadway
Calder Lounge, Uris Hall (1st Floor)
New York, NY 10027

Register Now >

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Join Ms. Denise Morrison, CEO of Campbell Soup, and Ms. Ellen Kaden, chief legal and government affairs officer of Campbell Soup, for a fireside chat moderated by Professor Bruce Kogut on board governance and maintaining high ethical principles in a competitive market.

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Featured Video

With rapidly changing consumer tastes, many food companies are looking to expand their markets at home and overseas. How does an iconic American company stay relevant?

Featured Research

The Small Worlds of Corporate Governance
Identifies "structural breaks" — privatization, for example, or globalization — and assesses why powerful actors across countries behave similarly or differently in terms of network properties and corporate governance.


Program Brochure

View the Bernstein Center brochure, Ethical Challenges in Business