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Risky for the company, not for the individual. Hence why they are happy to pay what is, at the corporate level, a paltry sum to make a problem go away. It just
by qeternity 2y ago
Risky for the company, not for the individual. Hence why they are happy to pay what is, at the corporate level, a paltry sum to make a problem go away. It just happens to be a rather large sum at the individual level.
A bad CEO can easily ruin hundreds of billions or trillions in value. Some tens of millions to be rid of the problem is a no brainer.
- ceejayoz 2y ago> Some tens of millions to be rid of the problem is a no brainer. But... they can just be fired. Like the rest of us.
- qeternity 2y agoI think you misunderstand what a golden parachute is, or more accurately in this instance, what severance is. It's not some evil cabal gifting each other money. It's a contractual issue.
- ceejayoz 2y ago> It's not some evil cabal gifting each other money. Oh, they absolutely sit on each others boards and rubber stamp such packages. > It's a contractual issue. Yes. They should stop adding multi-million dollar golden parachutes for failures to said contracts.