If shareholders are increasingly ratty about the massive severance packages demanded by departing chief executives who have almost destroyed the companies they were meant to be heading, why don't they include a get-out clause in their employment contracts, such as no bonuses, just a salary?
Such agreements would avoid the threat of court action if golden handshakes were not forthcoming - like the £11.5 million demanded by Jean-Paul Garnier of Glaxo-SmithKline.
-Ian Hills, Blackman Street, Brighton
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