A Short History of Golden Parachutes
OCTOBER 3, 2016
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. This was quickly followed by the era of hostile takeovers in the 1980s.