Jan 12, 2018
Berkeley Haas Talks Perks and Perils of Golden Parachutes
Since the idea of a golden parachute was popularized in the early ’60s, used as a tactic to remove a then mentally deteriorating Howard Hughes from his company Trans World Airlines, it has become synonymous with corporate exuberance. However, according to new research from the Haas School of Business at Berkeley University, there is a positive benefit.
