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gratuitous

(82,849 posts)

7. Bad publicity, lawsuits, and get on with life

Reply to myrna minx (Original post)

Tue May 15, 2012, 11:23 AM

May 2012

If a corporation was a person, you'd be describing psychopathy. But this is just how things are done in the corporate world. Bad publicity doesn't do the company any good, and if the company kicks a high-flying executive out of his nice office, they'd better be prepared to either hand over a big wad of cash or face a very expensive lawsuit. On a cost-benefit analysis, it's cheaper to just hand over the dough, and the public will forget all about the unpleasantness, soon enough.

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Highlight:

From WCCO, our local CBS: Good Question: Why Do CEOs Get Paid So Much To Leave? [View all] myrna minx May 2012 OP

I think they are in cahoots with the board of directors in some cases. The board brings in brewens May 2012 #1

It's an incestuous web of CEOs serving on each other's boards. trotsky May 2012 #3

Yup. You know they tip each other off to make moves that would be obvious brewens May 2012 #9

Socialism for Them Yavin4 May 2012 #10

Our old CEO sharp_stick May 2012 #2

Dick Schulze quit over the Brian Dunn scandal geardaddy May 2012 #4

Interesting development. myrna minx May 2012 #5

Glad they did! geardaddy May 2012 #6

Bad publicity, lawsuits, and get on with life gratuitous May 2012 #7

Hush money pscot May 2012 #8