Organizational Controls: Golden Parachutes Background: A few years ago, companies such as AIG, who had a hand in the cause of the economic downturn that has devastated our economy, were planning to give or actually gave out huge golden parachutes to the same executives who led and approved of the companies actions. Please answer the questions below: 1) Perform a search of a CEO who has received a golden parachute.
1a) Who was the CEO?
1b) What was the company from where he or she received the golden parachute?
1c) What was the total compensation in the golden parachute?
1d) What happened to the company after the CEO's departure terms of before and after revenue?
1e) After the CEO's departure, did the former CEO obtain a leadership position at another firm? If yes, what company.
2) Do you believe the payment of these golden parachutes was ethical, right or wrong, and why?