Eli5: How do CEOs from failing companies bail out with golden parachutes? Where does the money come from?
In: Economics
A lot of the time it’s put into a whole life insurance policy as an executive benefit. plan Attached will be a contract that basically say’s if we fire you, you get to keep the policy to take with you or cash out, but if you leave for a competitor or get caught with a dead hooker in your car, then you lose the policy.
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