| Golden Handshake |
Article Index for Golden |
Website Links For Golden |
Information AboutGolden Handshake |
| CATEGORIES ABOUT GOLDEN HANDSHAKE | |
| business terms | |
| employment compensation | |
|
Typically, "golden handshakes" are offered only to high-ranking executives by major Corporation s and may entail a value measured in millions of dollars. Golden handshakes are given to offset the risk inherent in taking the new job, since high-ranking executives have a high likelihood of being fired and since a company requiring an outsider to come in at such a high level may be in a precarious financial position. Their use has caused some investors concern since they do not specify that the executive had to perform well. In some high-profile instances, executives cashed in their stock options, while under their stewardship their companies lost millions of dollars and thousands of workers were Laid Off . SEE ALSO EXTERNAL LINK
|
|
|