Introduction

Abstract

“CEOs Get Paid Too Much, According to Pretty Much Everyone in the World,” states the HBR Blog Network (Gavett, 2014) in September 2014. The article, by Kiatpongsan and Norton (2014), to be published in a forthcoming issue of Perspectives on Psychological Science, addresses the public’s strongly perceived injustice between the ever rising compensation of top managers and higher unemployment rates, pay cuts, economic crisis, and reduced social security (Davis and Cobb, J. Adam, 2010; Hoskisson, Castleton, and Withers, 2009; Walsh, 2008). One of the reasons for this sensation of injustice can be seen in the statistic that allows a CEO in Germany to earn 147 times the salary of a simple worker.