I have mixed feelings about departure deals for CEOs. Good for them if the deserve. Deals like that are usually part of a contract or in some form of writing. In contrast, if the CEO does not deserve it and has been shady, then I have a problem with them receiving a nice "going away gift." On the other hand, if it is going to cost the company even more money to go through litigation, then it is almost worth giving the CEO the money so he can run. I suppose one would have to weigh out the pros and cons of the situation.
Also, if companies are beginning to devise a new reason to fire their leaders for cause, for example Roger Iger, because they refuse to give testimony or cooperate with an investigation "into their or the company's business practices," then that is cause to get rid of them. If they do not want to testify to save themselves, then they are obviously shady and trying to hide something.
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