Final answer:
The ethics of CEOs receiving large compensation packages and 'Golden Parachutes' is a controversial topic. Some argue that it is justified based on their responsibilities and performance, while others believe it contributes to income inequality and corporate greed.
Step-by-step explanation:
Whether it is ethical for the CEO of a major company to receive a large salary or bonus, as well as a 'Golden Parachute' upon leaving the organization, is subjective and open to debate. Some argue that high executive compensation is justified based on the CEO's responsibilities, performance, and the market value of their skills. Others believe that it is unethical, as it can contribute to income inequality and the perception of corporate greed.
On one hand, a CEO's salary and bonus can be seen as a reward for their leadership, strategic decision-making, and the financial success they bring to the company. It is argued that attracting and retaining top talent requires offering competitive compensation packages, as CEOs often have significant responsibilities and face high levels of stress and pressure.
On the other hand, critics argue that excessively high CEO compensation can be disproportionate to the value they add and can create a disparity between executive pay and that of other employees. This can lead to negative consequences such as low employee morale, income inequality, and a lack of fairness. Additionally, receiving a 'Golden Parachute' can be seen as an unfair and excessive payout to executives, regardless of their performance.