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The End of Exorbitant CEO Exit Packages? Don't Hold Your Breath

Knowledge@Wharton

Multimillion-dollar severance packages paid to exiting CEOs routinely make news -- particularly when the leader's tenure was universally panned or when the firm was in major cost-cutting mode. Such payouts have become the norm among large firms, observers say, and they have withstood both public outcry and legislative action. But when stakeholders believe an exit package represents a true ...