Eli5: How do CEOs from failing companies bail out with golden parachutes? Where does the money come from?
In: Economics
lots of good answers but more cynically, if Im a member of the board at the company you are the CEO of, and you are on the board of the company I am the CEO of, eventually everyone looks around and says “oooooh yeah we all definitely need some big compensation packages and we should get them no matter what happens”
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