3 ms·
Not sure that would apply here. Every directors and officers contract I’ve seen or signed has clawback provisions and break clauses for gross misconduct and tha
by seanhunter 2y ago
Not sure that would apply here. Every directors and officers contract I’ve seen or signed has clawback provisions and break clauses for gross misconduct and that type of thing. Then there is a (tense) negotiation about on the one hand whether to enforce those and on the other hand sue and make damaging public allegations and then hopefully common sense prevails and people settle for something less than the full payment but more than zero.
SAP (given what I know about German business culture which isn’t much but isn’t nothing either) could probably have toughed it out if they had wanted to but 7 bucks probably isn’t the full payout either given RSUs etc.