McCann, C. J. (2009). Golden parachutes: A theoretical and empirical investigation. Washington, D.C.: Macmillan
This book is vital in the analysis of the various means that organizations adopt golden parachutes to influence their performance. Golden parachutes are considered to be the main reason that makes executives be objective due to the security of they are tenure.
In this regard, executives are forced to remain objective with respect to the organizations’ interests because the termination of their contract is attributable to some benefits. On the other hand, the book illustrates the various benefits that investors receive through the provision of excessive golden parachutes to their executives.
Through the various analyses done in multiple organizations, the book describes the trend that is being witnessed in most industries as being beneficial. In this case, most organizations use golden parachutes to lure executives with the right public image and knowledge in order to run their organizations.
This implies individuals with interest in understanding the theoretical and practical importance of the golden parachutes should consider this book. For that reason, they will gain diverse skills that will drive them to the necessity and consequences of excessive golden parachutes.
Miller, D. K. (2007). Golden parachutes, managerial incentives, and shareholder wealth. New York, NY: McGraw-Hill
The book describes the initiatives that most firms have incorporated to boost the performance of their businesses. The main initiatives are targeted at executives who have the sole responsibility of overseeing the whole firm. Through the effective enhancement of the benefits and other motivational packages such as golden parachutes, the level of contribution has significantly increased. For that reason, objective executives protect the shareholders’ interests.
At the same time, it is considered that provision of excessive golden parachutes does serve the need to attract the right expertise to the organization. Following this move, the organization will be managed effectively which goes back to the investors through the size of returns received.
The individuals with the intention of improving the shareholders’ interests as well as the managerial performance should consider this book. Through the cases’ analysis presented, learners will understand the necessity of the excessive golden parachutes to executives. Furthermore, they will figure out the risks attributable to the business through the provision of excessive golden parachutes.
Rivlin, G. (2012). New study shows how golden parachutes are getting bigger. The Daily Beast
This blog reveals the emerging practices of businesses with respect to provision of excessive golden parachutes. The benefits attributable to the current practice of most organizations are presented. Through the benefits presented, it is possible to decipher the ideal practices that should be incorporated in a business to ensure its survival.
In this case, organizations have to be analytical and critical in provision of golden parachutes to ensure that they hold the right individuals. At the same time, the demerits of golden parachutes are illustrated through the multiple case of experience in the united states.
Following skills and knowledge presented in the blog, it is vital for learners and interested parties to assess the importance of golden parachutes to their organizations. As a result, the will be able to advert the negative impact of golden parachutes.
Sherter, A. (2012). How CEO “golden parachutes” hurt shareholders. Breaking News Headlines: Business, Entertainment & World News – CBS News
The blog demonstrates the various cases of companies that have issued excessive golden parachutes in the past. In this regard, it has been possible to contain the performance of businesses and improve them. In some cases, it has been witnessed that excessive golden parachutes have a significant contribution to the company through the efforts of executives.
Nevertheless, in some situations, the allocation of excessive golden parachutes has proved unviable since some executives have misused the privilege. For that reason, it is critical to realize the importance of golden parachutes and its negative effects on the organization.