When former General Electric CEO, Jack Welch, retired with a US$417 million severance package in 2001, it sparked such outrage that the U.S. Securities and Exchange Commission eventually made it a requirement for publicly-listed companies to quantify pay agreements with top executives.
Executives, contracts, severance package
Human Resources Management | Organizational Behavior and Theory
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Copyright © Singapore Management University 2013
Chief executive officers, Labor contracts, Executive compensations
Singapore Management University.
Contracts protecting the CEO. (2013). Perspectives@SMU.
Available at: http://ink.library.smu.edu.sg/pers/62