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Severance pay is common in general; golden parachutes are not.
Golden parachutes in particular are there for a reason: to keep executive positions marketable. If HP decides tomorrow to cap their CEO severance package to $25,000, they're going to have a tough time filling the position with candidates they'd like to consider. This is because all of their competitors will still have their golden parachutes. HP would only have a regular one---probably white nylon.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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