Guest post by SZKO
Have you ever heard of the term “Golden Parchute”? Well if not, a Golden Parachute is basically a contract between a C-level executive and a company that says if the executive screws up in running the company and gets fired then they will be paid out some arbitrarily high amount of money. This allows the executive to make bold decisions that hopefully will steer the company into making giant piles of money that the executive may not otherwise make because they are playing it safe. Having a giant pile of cash to fall back and to draw upon if your ideas screw up is a huge boon to an executive and allows the executive to go in new directions and make fun, interesting, and hopefully very financially rewarding decisions.
