A Short History of Golden Parachutes

Harvard Business

Golden parachutes can’t seem to stay out of the news. Golden parachutes like these are hardly novel in American business. Golden parachutes such are now paid out even when executives leave amid scandal. Firms began adopting golden parachute-style payout packages in the late 1970s. There was even more variation in the kinds of benefits provided by golden parachutes.

The Servant-Leader’s Night Before Christmas – 2020 Edition

Modern Servant Leader

Ego’s torn, pride drowned, the power leaders signed out, Their golden parachutes and bonuses now in doubt. All I want for Christmas is Servant Leadership. Twas the night before Christmas, when all of the staff. Sat on Zoom hoping a leader would come, on their behalf.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

From Corner Office to Novelist

In the CEO Afterlife

I bailed from the corner office with a golden parachute strapped to my back and started a consulting business. On October 24th, I will be appearing at the West Vancouver Library to talk about my novel, The Circumstantial Enemy. At the event I will share the truth behind my fiction – what I wrote, why I wrote it, and what I learned from this challenging odyssey. . I faced reinvention at 47 when the company I lead (Jacobs Suchard) was sold to Kraft Foods.

Living the CEO Afterlife

In the CEO Afterlife

He was 62, a golden parachute strapped to his back, but no hobbies or interests beyond business. There are so many examples of former CEOs finding exhilarating second lives in their golden years. Those who follow my blog have an idea of how I’m spending my time as a retired CEO. I’m working – not for money, for fun.

CEO 130

Shame On Our Apology Economy

Lead Change Blog

And I want to see leaders of public corporations held accountable to their misdeeds (including the forfeiture of any golden parachutes should they or their companies be found guilty of obvious criminal or fraudulent behaviors perpetrated on their consumers). Last week the CEO of Wells Fargo, a bank that’s been around since 1852, testified before Congress about the egregious wrong-doings committed by employees in his company all in the name of meeting sales goals.

This is a Post on Leadership


Here is a paragraph describing a recent headline-dominating story about a fallen CEO and his (or her) golden parachute. “This is a motivational quote.”. This is a random sports figure’s name. The opening is a story about a childhood memory I’ve grossly exaggerated in order to tailor it to fit a post on leadership. Something about the high school football team I claim to have been on when really only went to one workout and then quit.

From CEO to Novelist: Not without Perseverance

In the CEO Afterlife

The golden parachute was nice, but the passion and the purpose was suddenly gone.”. When my business book Do Less Better was published, I had the pleasure of meeting National Post journalist Peter Kuitenbrouwer who interviewed me about the challenges facing an ex-CEO hell-bent on finding a publisher for his historical fiction manuscript.

CEO 100

Is There a CEO Afterlife? | In the CEO Afterlife

In the CEO Afterlife

He was 62, a golden parachute strapped to his back, but no hobbies or interests beyond business. There are so many wonderful examples of former CEOs finding exhilarating second lives in their golden years. In the CEO Afterlife. Main menu Home. Leadership. Branding. Is There a CEO Afterlife? by John • August 7, 2011 • Human Resources , Leadership , Life • 0 Comments.

CEO 100

Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Golden parachutes: This is an agreement between the companies and the key professionals. Golden handcuffs are specially designed to encourage long-term efficient relationships with the employees.

Marissa Mayer’s Departure from Yahoo and the Challenge of Drawing Lessons from an N of 1

Harvard Business

Although the fall of Yahoo was probably inevitable, our fascination with celebrity leaders has resulted in an extraordinary amount of interest in Marissa Mayer’s recent resignation as CEO, in particular her $23 million golden parachute. Five years ago, her appointment was received with both surprise and hope (an unusual combination), though there was no shortage of critics who predicted her demise.

The Compensation Silly Season

Harvard Business Review

Such surveillance gives board compensation committees the backbone to create reasonable plans that provide valid incentives, while eliminating egregious lump sum payments like golden parachutes and handshakes. 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.

Stop Making CEO Pay a Political Issue

Harvard Business

For example, the forced disclosure of perks in 1978 increased perks as CEOs could see what their peers were receiving; the 1984 law on golden parachutes – a response to a single contract at one firm — catalyzed the adoption of golden parachutes by alerting CEOs without them to their existence; and President Bill Clinton’s $1 million salary cap led to CEOs below the cap raising their salaries to above it, and those above merely reclassified salary as bonus.

Lessons From the Military: Your Risk is My Risk, Too

Harvard Business Review

Leading people in risky environments is not a game with a reset button, a golden parachute, or a bailout clause. Success requires facing inherent risk, regardless of your profession. As an Army field artillery officer who has commanded at the company and battalion levels, I've faced my share of risk.

Can You Be Too Rich?

Harvard Business Review

They are hedge fund tycoons; “private equity” barons; privateers who have bought the natural resources of entire countries whole; CEOs with golden parachutes the size of small planets. Is there such a thing as too rich? Like most reasonable people, I agree whole-heartedly that people who accomplish greater, worthier, nobler things should be rewarded more than those who don’t. I’m not the World’s Last Communist, shaking his fist atop Karl Marx’s grave at the very idea of riches.

Dennis Kozlowski Was Not a Thief

Harvard Business Review

The directors needed Kozlowski to be convicted for a number of reasons, not the least of which was a half billion dollar golden parachute the company would owe Kozlowski if he was found not guilty. On January 17, Dennis Kozlowski will be released on parole by the State of New York after serving an 8 1/3 year sentence in the state’s tough prison system. Kozlowski is the former CEO of Tyco International.

How IBM's Sam Palmisano Redefined the Global Corporation

Harvard Business Review

In 2009 he called off the $7 billion acquisition of Sun Microsystems in part due to Sun's egregious golden parachutes. In the 20th century, a select group of leaders — General Motor's Alfred Sloan, HP's David Packard and Bill Hewlett, and GE's Jack Welch — set the standard for the way corporations are run. In the 21st century only IBM's Sam Palmisano has done so.

Income Inequality Is a Sustainability Issue

Harvard Business Review

As an example, last March, 68% of Swiss voters approved a measure giving shareholders the right to block executive and Board pay packages, outlawing “golden parachutes,” and increasing transparency regarding loans and retirement packages, according to the Wall Street Journal. This evening, President Obama will deliver his State of the Union Address, and it is widely reported that it will focus on the issue of income inequality.

The Great Splintering

Harvard Business Review

Today's world of bailouts, golden parachutes, sky-high financial-sector salaries — while middle incomes stagnate — seems to be exactly the reverse. I grew up a global orphan, and I call London my home today. The simple reason I chose to live there was this: first and foremost, I'd never met a city that let a mutt like me be myself. And yet, over the last several years or so, gradually, almost imperceptibly at first, the tenor of my city has changed.