In the cases where the golden parachutes are absurdly large, I don't really see how they're really incentivized to take risks either. Perform or don't perform,

In the cases where the golden parachutes are absurdly large, I don't really see how they're really incentivized to take risks either. Perform or don't perform, the difference is the CEO's yacht size, or how many mansions they own around the globe?