I've heard about this term 'golden parachute rule' and I'm curious to know what it actually means. Could someone please explain the concept and its origins to me?
5 answers
ZenBalance
Mon Nov 25 2024
Golden parachutes represent a specific type of financial reward.
Nicola
Mon Nov 25 2024
Additionally, it addresses situations where their responsibilities are significantly reduced.
CryptoNinja
Mon Nov 25 2024
They are intended for key executives within a public company.
CryptoAlchemy
Mon Nov 25 2024
This compensation is triggered when the company undergoes a sale.
BlockchainBaronessGuard
Mon Nov 25 2024
The purpose is to address scenarios where these executives might lose their jobs.