4 ms·

The potential golden parachutes are pre-negotiated into the contracts for these executives. Google could refuse them or alter them, but than will also probably

The potential golden parachutes are pre-negotiated into the contracts for these executives. Google could refuse them or alter them, but than will also probably still face litigation from that departing executive. The lawyers for the investors who are bringing this suit against google have a moral point but I proving any legal wrong doing is going to be hard. At least it brings to light how different compensation works when you are higher up on the ladder.

entee 8y ago
Golden Parachutes are usually in place for termination without just cause. Companies like Google (and many many others) prefer to have a friendly separation with no litigation so they just have them trigger (or give some other similar package) for the executive to go away. I wish more companies with resources such as Google would take a stand and fight. Even if you lose, for such a wealthy company the extra cost should be minimal. What does it say to your employees when they know that the higher up the ladder you are, the less accountable you are if you screw up? What does it say for a company to decline to enforce+defend its values in open court when it's really pressed?
- throwaway6497 8y ago
  That Google is no different from all other companies in the valley as the values the company espouses are just fluff when rubber meets the road. Executives are exempt or excused. Different standards for execs compared to rank-and-file. Google has spent so much PR and money to convince employees that they are different from other companies. They are not. It is a hard pill to swallow for many starry-eyed employees who drank the cool-aid. Company has to fight tooth and nail to keep up the pretense before everyone internalizes that, "The emperor has no clothes".
- wp381640 8y ago
  > I wish more companies with resources such as Google would take a stand and fight. I believe it has less to do with being well resourced and more to do with keeping internal politics and corporate secrets out of public court records
  - MFLoon 8y ago
    As well as lubricating the wheels of executive recruitment, because what exec is going to want to work for a place known to fight outgoing execs over their severance.
    - Aeolun 8y ago
      All the ones you do not hire from outside?
    - JohnJamesRambo 8y ago
      How many female (or any gender) execs want to work at a place giving $150 million to sex coercers on the way out?
      - NavyNuke 8y ago
        Probably a lot because at that level they are making more than enough money...plus at a certain point, I'm sure they stop giving a shit about the rank-and-file employees...
  - entee 8y ago
    I think you're right. Still, screw it. If nobody ever takes a stand, this sort of thing will keep happening (and good on the lawyer representing the shareholders for suing) EDIT: clarification about shareholder suit
URSpider94 8y ago
This isn't that. A golden parachute is in place up-front in an employee contract. This is a spot bonus of $150MM that was awarded by the CEO to an employee under investigation, without following the corporate process.
justicezyx 8y ago
Let's remember that this company's world famous culture, and how that gathered goodwill from around the world. Then come back to look at this report. That's how people would then react.

entee 8y ago

Golden Parachutes are usually in place for termination without just cause. Companies like Google (and many many others) prefer to have a friendly separation with no litigation so they just have them trigger (or give some other similar package) for the executive to go away. I wish more companies with resources such as Google would take a stand and fight. Even if you lose, for such a wealthy company the extra cost should be minimal. What does it say to your employees when they know that the higher up the ladder you are, the less accountable you are if you screw up? What does it say for a company to decline to enforce+defend its values in open court when it's really pressed?

throwaway6497 8y ago
That Google is no different from all other companies in the valley as the values the company espouses are just fluff when rubber meets the road. Executives are exempt or excused. Different standards for execs compared to rank-and-file. Google has spent so much PR and money to convince employees that they are different from other companies. They are not. It is a hard pill to swallow for many starry-eyed employees who drank the cool-aid. Company has to fight tooth and nail to keep up the pretense before everyone internalizes that, "The emperor has no clothes".
wp381640 8y ago
> I wish more companies with resources such as Google would take a stand and fight. I believe it has less to do with being well resourced and more to do with keeping internal politics and corporate secrets out of public court records
- MFLoon 8y ago
  As well as lubricating the wheels of executive recruitment, because what exec is going to want to work for a place known to fight outgoing execs over their severance.
  - Aeolun 8y ago
    All the ones you do not hire from outside?
  - JohnJamesRambo 8y ago
    How many female (or any gender) execs want to work at a place giving $150 million to sex coercers on the way out?
    - NavyNuke 8y ago
      Probably a lot because at that level they are making more than enough money...plus at a certain point, I'm sure they stop giving a shit about the rank-and-file employees...
- entee 8y ago
  I think you're right. Still, screw it. If nobody ever takes a stand, this sort of thing will keep happening (and good on the lawyer representing the shareholders for suing) EDIT: clarification about shareholder suit

URSpider94 8y ago

This isn't that. A golden parachute is in place up-front in an employee contract. This is a spot bonus of $150MM that was awarded by the CEO to an employee under investigation, without following the corporate process.

justicezyx 8y ago

Let's remember that this company's world famous culture, and how that gathered goodwill from around the world. Then come back to look at this report. That's how people would then react.