Joejimbobjones

Men? Have you heard about the women’s?

We call them shithooks.

We call them shithooks.

In many cases those positions are terminal i.e. you fuck up company X and you are either never working again, or it will take you years to find a comparable position. The golden parachute is there to lower the risk for candidates when you offer the job. Is it abused? Of course it is, essentially becoming risk pay for people who aren’t taking any risks. Compare to the “poison pill” where any attempted takeover or removal of executives triggers a massive payout to them.

That is exactly right. This wasn’t about saving them, but is an invaluable exercise that can’t be replicated by a tabletop or full scale exercise. Agencies were probably jumping at the chance to get involved.