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<p>[QUOTE=&quot;medoraman, post: 1859035, member: 26302&quot;]Let&#039;s talk about this one, since many like to toss this around to &quot;prove&quot; executives are greedy, corrupt evil people. Most &quot;golden parachutes&quot; are due to corporations recruiting employees from other firms. Let&#039;s take me as an example. I work at a firm I like, am very secure in my job, and very well can retire here. Now let&#039;s say another firm REALLY wants to hire me due to my experience/skills/they are stupid, etc. Well, I don&#039;t NEED another job, I really do not want to move, and there is a very high danger I would maybe not be a good fit on the new job. What happens to me if I quit my job I am good at and comfortable in and am not a good fit at the new firm? I not only lose my new job, I gave up my old job that could have lasted me the rest of my life. </p><p><br /></p><p>So, against that background companies might offer me a &quot;golden parachute&quot;. What this does for me is give me the security that if for some reason things do not work out with the new company I am not so severely penalized by leaving my old firm. Without such a thing, companies would never be able to attract the employees with the background and experience they need, since really good employees usually have really good jobs, and have no desire to leave where they are currently.</p><p><br /></p><p>Sorry for the rant, I just see so much hate against employment agreements, labelled &quot;golden parachutes&quot;, and I doubt most people REALLY understand why they are offered.[/QUOTE]</p><p><br /></p>

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