Golden Parachutes. Pros, Cons and a Problem-solving Approach

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The essay critically evaluates the concept of golden parachutes for business leaders, analyzing their usefulness through microeconomic reasoning. It defines golden parachutes and explores the pros and cons of banning them. The discussion includes potential conflicts of interest and offers solutions, highlighting German regulations as a case study. This assessment aims to provide a nuanced understanding of the implications of such practices in corporate governance.