They’re corrupt assholes etc, but I’m pretty sure the 12m is a pittance compared to the shit they’d get as CEO. I doubt any CEO is there going “yeah, can’t wait for my golden handcuffs to kick in for that free 12m” , they’re instead spending time jet setting using the company plane to japan for lunch and france for dinner.
EDIT : The golden handcuffs are there to basically disincentivise the company from replacing the CEO
They’re corrupt assholes etc, but I’m pretty sure the 12m is a pittance compared to the shit they’d get as CEO. I doubt any CEO is there going “yeah, can’t wait for my golden handcuffs to kick in for that free 12m” , they’re instead spending time jet setting using the company plane to japan for lunch and france for dinner.
EDIT : The golden handcuffs are there to basically disincentivise the company from replacing the CEO
Agreed, none of those types are trying to cash in on the golden parachute, they can get more via other means.
I meant this in a broader sense; a lack of any kind of market incentives for negative or disruptive behaviour.