anotherlife
Gold Member
Many CEO contracts especially from the 1990s contained a life long golden parachute, specifying that x % of the company's earnings goes to the CEO for life every year. After he stops being a CEO.
How can a company fight this when it is in effect? Does the company have to go into some sort of a bankruptcy to get rid of this drag?
How can a company fight this when it is in effect? Does the company have to go into some sort of a bankruptcy to get rid of this drag?