By Zachary Shore
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A financial institution of the United States director wondered the CEO's $76 million pay package deal in a 12 months while the financial institution used to be shedding 12,600 employees and located herself dropped from the board suddenly a couple of months later. in line with their employment agreements -- authorized by means of forums -- ninety six percentage of huge corporation CEOs have promises that don't let them be fired "for reason" for unsatisfactory functionality, this means that they could stroll away with large payouts, and forty nine percentage can't be fired even for breaking the legislation by means of failing of their fiduciary tasks to shareholders.
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Blunder: Why Smart People Make Bad Decisions by Zachary Shore