Name the three arguments in favor of current levels of CEO pay as outlined by Jeffrey Moriarty.

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The Answer is Jeffrey Moriarty, a scholar in business ethics, has discussed various aspects of CEO compensation and the debates surrounding it. While there is significant criticism regarding the high levels of CEO pay, Moriarty also outlines arguments that are used to justify the current levels of CEO compensation. Three common arguments in favor of high CEO pay, which may be reflective of Moriarty's discussions on the topic, include:

1. **Talent and Competition**: One argument is that high CEO pay is necessary to attract and retain the best talent. CEOs are seen as having unique skills and leadership qualities that are scarce and in high demand. To ensure that a company secures a top executive who can effectively lead the organization and make decisions that will result in financial success, it must offer competitive compensation. This is often compared to the market for star athletes or entertainers, where high compensation is seen as a reflection of exceptional talent and the competitive market for that talent.

2. **Performance and Incentives**: Another argument is that high levels of CEO pay are tied to the performance of the company. This aligns the interests of the CEO with those of the shareholders. If the company does well, the CEO is rewarded, often through bonuses, stock options, or other performance-related pay. This is intended to motivate the CEO to work in the best interest of the company and its shareholders, driving up the company's value and, by extension, the CEO's compensation.

3. **Complexity and Responsibility**: The third argument is that the role of a CEO is incredibly complex and comes with a high level of responsibility. CEOs are responsible for making decisions that affect not only the company's bottom line but also its employees, customers, and the broader economy. The high pay is seen as commensurate with the high stakes and the significant impact that CEOs have on their organizations and society at large.

These arguments are often used by those who support or justify the current levels of CEO pay, suggesting that such compensation is a result of market forces, performance-based incentives, and the high level of skill and responsibility required for the role. Critics, however, may argue that these justifications do not always hold up and that there are issues of fairness, proportionality, and social impact that need to be addressed when considering the ethics of CEO compensation.

Name the Three Arguments in Favor of Current Levels of CEO