Publication Type

Journal Article

Publication Date

10-2013

Abstract

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.

Keywords

Executives, contracts, severance package

Disciplines

Human Resources Management | Organizational Behavior and Theory

Copyright Owner and Holder

Copyright © Singapore Management University 2013

Subject(s)

Chief executive officers, Labor contracts, Executive compensations

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