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A Short History of Golden Parachutes

Harvard Business Review

Golden parachutes can’t seem to stay out of the news. Last year, Jeff Smisek, the former CEO of United Airlines, received a separation payment of $4.875 million in cash along with additional equity awards and other benefits for a total of close to $37 million after being ousted from his company.

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The Compensation Silly Season

Harvard Business Review

Tis the season when public companies publish their 10Ks, complete with the Compensation Disclosure and Analysis section revealing the pay of their five most highly paid officers, including the highest paid of all, the CEO. When these figures are made public, the business media have a field day. Comparisons are made to other U.S.