Executives who downplay ethics and values in their decision making may also be the ones who prefer extraordinarily high salaries for themselves. By comparison, those executives who are more inclined to consider ethics and values in their decisions preferred more fair pay throughout their organizations.
Diane Swanson, associate professor of management and the von Waaden business administration professor at Kansas State University, said this is the most significant implication of her recent research.
In addition, Swanson said executives who are more likely to downplay values in decisions and prefer extraordinarily high salaries are also the ones who have received more business education. "This is yet more evidence of business education teaching greed and self-centeredness instead of service to community," Swanson said. "Business students should learn that business people not only serve themselves but society as well. Theyve got to have some community mindedness or well be stuck with even more ill-effects of corporate scandals in the future. "One reason these findings are important is that, in the midst of corporate scandals that have racked society and destroyed jobs and trust in business, executives are still paid astronomical salaries," Swanson said. "This should be questioned."
Diane Swanson | EurekAlert!
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