Re:Google Engineers Organizing a Walk Out to Protest the Pro...
by ThrowawayR2 on Monday October 29, 2018 @09:23PM
(#18333269)
Executive employment contracts are a whole other universe away from what the rank and file gets. How do people not know this?
Google for "golden parachute" and "termination clause", e.g. https://www.thebalancecareers.com/golden-parachute-2276017. Yes, when you're valuable enough, you can actually require as part of your employment agreement that your employer pay you massive amounts of money for being terminated, even if it's for cause. Had they tried not to pay out the golden parachute, it would have been an open and shut case ending in a loss for them. (And, believe me, they wouldn't have been even remotely tempted to try because every executive there also has their own personal golden parachute.)
Google for "golden parachute" and "termination clause", e.g. https://www.thebalancecareers.com/golden-parachute-2276017. Yes, when you're valuable enough, you can actually require as part of your employment agreement that your employer pay you massive amounts of money for being terminated, even if it's for cause. Had they tried not to pay out the golden parachute, it would have been an open and shut case ending in a loss for them. (And, believe me, they wouldn't have been even remotely tempted to try because every executive there also has their own personal golden parachute.)