Golden Parachute: Definition, Examples, Controversy

Today, we will talk about golden parachutes, including what they are, how they work, and the controversy surrounding them. Golden parachutes are lucrative severance packages given to top executives when they are terminated due to a takeover or merger. They include substantial benefits and can be used as anti-takeover measures. These benefits are controversial due to the large sums given even to poorly performing executives.
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