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submitted 9 months ago* (last edited 9 months ago) by Titou@feddit.de to c/linuxmemes@lemmy.world

I don't think i need to explain how it works, should i ?

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[-] captain_aggravated@sh.itjust.works 4 points 9 months ago

A "golden parachute" is basically a clause in the contract of a CEO or other higher up where the company agrees to pay severance benefits. I don't have a problem with severance pay in general but some of these things are basically "No matter how much I embezzle and defraud, no matter how many people I kill, no matter how much damage I do, I get tens or hundreds of millions of dollars, to the degree of actually incentivizing getting hired and fired as much as possible.

this post was submitted on 12 Feb 2024
680 points (95.9% liked)

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