{"product_id":"golden-parachutes-pros-cons-and-a-problem-solving-approach-von-jochen-kasper","title":"Golden Parachutes. Pros, Cons and a Problem-solving Approach","description":"\u003cp\u003eSeminar paper from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1, Durham University (Durham Business School), language: English, abstract: The aim of this essay is to assess the usefulness of business leaders having ¿golden parachutes¿ by applying microeconomic reasoning to critically evaluate a ban of the practice. A definition of golden parachutes will be given in this introduction, while in the main part the most important pros and cons of a ban of this practice will be critically evaluated. In addition, various solutions for resolving the conflict of interest will be shown and explained using German regulations as an example.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAdopted in the late 1970s and early 1980s (Bedchuk, Cohen and Wang, 2012), a golden parachute is a controversial management perquisite that allows protected managers to voluntarily resign and collect substantial remuneration ¿ in some cases several million dollars ¿ after a triggering event, usually a hostile takeover (Cochran, Wood and Jones, 2013). Mogavero and Toyne (2013) refer to golden parachutes as a form of compensation insurance in the event of termination of employment following a change of corporate control. However, this is a very broad definition of golden para-chutes, with many authors referring to them as a bonus when a takeover occurs (Bedchuk, Cohen and Wang, 2012; Singh and Harianto, 2013; Machlin, Choe and Miles, 2013).\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656703334\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656703334","offer_id":39447102193757,"sku":"9783656703334","price":17.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/4cf3ebe7-2d4d-4c8b-945b-add1803dfb0b.jpg?v=1778128661","url":"https:\/\/shop.autorenwelt.de\/en\/products\/golden-parachutes-pros-cons-and-a-problem-solving-approach-von-jochen-kasper","provider":"Autorenwelt Shop","version":"1.0","type":"link"}