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A Short History of Golden Parachutes

Harvard Business Review

Golden parachutes can’t seem to stay out of the news. Golden parachutes like these are hardly novel in American business. Golden parachutes such are now paid out even when executives leave amid scandal. Firms began adopting golden parachute-style payout packages in the late 1970s.

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This is a Post on Leadership

LDRLB

Here is a paragraph describing a recent headline-dominating story about a fallen CEO and his (or her) golden parachute. Or, about the irrefutable need for leaders to posses some vague element of character, like trust or authenticity. On the last line I write, “That is true leadership.” Leadership satire'

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Is There a CEO Afterlife? | In the CEO Afterlife

In the CEO Afterlife

GE’s Jack Welch (pictured above) divides his time consulting with companies, travelling, golfing, lecturing at MIT’s Sloan School of Management and donating time and money to business education. He was 62, a golden parachute strapped to his back, but no hobbies or interests beyond business.

CEO 100
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Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Top-hat plans: This is a non-funded plan which is maintained by an employer to provide any deferred compensation to a specific group of management or highly compensated employees. Golden parachutes: This is an agreement between the companies and the key professionals.

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Marissa Mayer’s Departure from Yahoo and the Challenge of Drawing Lessons from an N of 1

Harvard Business Review

Although the fall of Yahoo was probably inevitable, our fascination with celebrity leaders has resulted in an extraordinary amount of interest in Marissa Mayer’s recent resignation as CEO, in particular her $23 million golden parachute. Leading a turnaround requires much more than making a splash.

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Lessons From the Military: Your Risk is My Risk, Too

Harvard Business Review

When it comes right down to it, to truly manage risk, each of us must answer the question of whether we are selfish or selfless. Leading people in risky environments is not a game with a reset button, a golden parachute, or a bailout clause. MORE ON MANAGING RISKY BEHAVIORS. Make Everyone a Risk Manager.

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Dennis Kozlowski Was Not a Thief

Harvard Business Review

While some people recognize Kozlowski for his extraordinary success as a manager, many more remember him as the highly paid executive with an extravagant lifestyle, including his infamous $6,000 shower curtain, who was convicted of taking more than $100 million from Tyco. But like the meeting minutes, the directors’ testimony was unreliable.