A Short History of Golden Parachutes
Harvard Business Review
OCTOBER 3, 2016
Smisek, for example, resigned in the scandal of a federal investigation into whether United Airlines had unduly influenced David Samson, the chairman of the Port Authority of New York and New Jersey (Samson eventually pleaded guilty to a bribery charge this year). This was quickly followed by the era of hostile takeovers in the 1980s.
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