Golden Parachutes Are Still Very Much in Style

MOST employees who leave a company are typically offered modest severance — in some cases a corporate pension, and perhaps a retirement party hosted by co-workers. For many chief executives of corporations, the rewards are far, far richer.

Executives who choose to retire — or are forced to retire — often
receive millions when they leave. And despite years of public outcry
against such deals, multimillion-dollar severance packages are still
common.