5 ms·

Being fired and being laid off have very different ramifications though, and generally different exit packages.

• paxys 4y ago
  For top executives who have contracts and golden parachute clauses, not really.
  • dragonwriter 4y ago
    Arguably, everything that isn’t for a serious breach of contract or other cause which allows stripping the golden parachute is “laid off” for them. But even with that, they occasionally do get “fired”.
  • hn_throwaway_99 4y ago
    Exactly. For top execs to get "fired" without a shit ton of money (like, more than your average person makes in a lifetime, sometimes more that a large group of people will make in their lifetimes) there is usually something pretty egregious, like sexual harassment or overt legal problems. Les Moonves was originally going to get $120 million in severance before there was a considerable uproar having to do with the Me Too movement, and CBS held firm on saying they were firing him for cause.
  • imwithstoopid 4y ago
    right, I doubt this guy is worried about COBRA coverage