Companies Pull Back on CEO ‘Failure Parachutes’ – WSJ

VEA Vice Chair Nell Minow is quoted in this WSJ article about CEO severance packages:

“For a CEO, being terminated without cause really means you got fired, and your fellow directors will throw a lot of money at you,” said Nell Minow, vice chairman of ValueEdge, a firm that promotes good governance and shareholder rights. The practice shows that a board is weak, she said, adding that for ousted CEOs, “your severance essentially is a failure parachute.”

via Companies Pull Back on CEO ‘Failure Parachutes’ – WSJ.

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