Soft Landing
CEOs are increasingly negotiating golden handshakes into their contracts.
Marissa Mayer, the former CEO of Yahoo, was brought in to turnaround Yahoo in 2012. But her tenure was marred by low Web traffic and revenues, and data security breaches.
Finally, Verizon bought Yahoo at $350 million lesser than the original price, but Mayer received $186 million when she left the company. A massive oil spill in 2010 cost the oil company BP more than $60 billion, but Tony Hayward, who stepped down as CEO in October of the same year, walked away with a payout of about $1.61 million, apart from a hefty pension fund.
In India, golden handshakes used to be rare as most promoters would hold key positions. But with more companies bringing in
