Why are Golden Parachutes a thing?

Time and again, we see CEOs and similar executives make horrible decisions that massively damage a company both financially and in terms of reputation and the perpetrator is forced to resign, yet receives so much money as a going away present you’d think they’re being rewarded for their fuck up. Why??

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cheatreynold
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4•1 year ago
Good example for anyone interested is what happened with Ellen Pao while she was CEO at Reddit.
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  1•1 year ago
  I mean she was married to a sleaze bag

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