Cases of Golden Handshakes. Examples

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Jaap de Jonge, Editor, Netherlands
🔥NEW One famous case has been Carly Sneed Fiorina, who is said to have received $21 million + $19 million in stock in 2005. At the time, Fiorina was the CEO of Hewlett-Packard when she was asked to leave. Under US regulations, no leaving executive was supposed to get over 2.99 times their base salary. Fiorina’s pay-out was more than that and shareholder approval was required before it was given to her. But that was never obtained. Shareholders took H-P to court but they lost. The case was dismissed in April 2008 and Fiorina went on to work for Fox Business Network and also as advisor to John McCain during the Presidentials. Please contribute any further remarkable cases or famous examples in which a golden handshake was promised or actually given to someone. Thank you. (...) Read more? Sign up for free

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