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Golden parachutes are what they are because of the risk involved in ACCEPTING the job. One doesn't know that it's a fit until they actually come to take the job and LEAVE the job they may be currently in.
I've seen executives that left Disney to come to work in our place, only to dismissed within 8 months of a 1 year contract.
As far as when being let go, it's also because of the same thing. If the company decides that it's not a good fit, it takes time and resources to find a new position.
Most of the executives are hired to help move the stock price. If the stock price doesn't move, you want to get rid of the individual as quickly and painlessly as possible. Severance packages ensure that you can rid someone from the position without fear of litigation.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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