Cryptocurrency Q&A What is the golden parachute rule?

What is the golden parachute rule?

GinsengBoostPowerBoost GinsengBoostPowerBoost Sat Nov 23 2024 | 5 answers 1300
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? What is the golden parachute rule?

5 answers

ZenBalance ZenBalance Mon Nov 25 2024
Golden parachutes represent a specific type of financial reward.

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Nicola Nicola Mon Nov 25 2024
Additionally, it addresses situations where their responsibilities are significantly reduced.

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CryptoNinja CryptoNinja Mon Nov 25 2024
They are intended for key executives within a public company.

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CryptoAlchemy CryptoAlchemy Mon Nov 25 2024
This compensation is triggered when the company undergoes a sale.

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BlockchainBaronessGuard BlockchainBaronessGuard Mon Nov 25 2024
The purpose is to address scenarios where these executives might lose their jobs.

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