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The Rise and (Maybe) Fall of the Golden Parachute
The Washington Post; subscription may be required 
Apr. 2, 2015
"The practice of sending executives off with golden parachutes is ubiquitous in corporate America -- but shareholders are pushing back, in ways that could substantially deflate them.... [T]he Council of Institutional Investors -- whose members hold over $3 trillion in assets -- approved a policy encouraging shareholders to require that boards consider executive tenure and performance before signing off on those giant stock awards. The idea: To make sure a CEO is still incentivized to do well by the company rather than rush it towards a merger."
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