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The company was sued by its shareholders, who argued she didn't deserve such a massive severance package.
Massive severance packages are nothing new, but sometimes you just feel the need to call attention to them.
Hassan may also have to overcome some ill will with investors, stoked not only by the problems of Kogan's term, but by the former CEO's massive severance package.
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Currently, investors wishing to protest massive pay packages, such as the $210 million severance deal Robert Nardelli got from Home Depot, can only protest indirectly by voting against directors.
For a person known for receiving massive pay packages, Irani ended up with a severance deal that was less than what some other former oil executives won to leave their companies.
The oxymoron of the "entrepreneurial manager" is shown up by safety devices such as guaranteed bonuses, severance pay, hugely generous provisions if the company changes hands, perks, accelerated vesting of options and massive pensions contributions.
This is your severance package".
It calls the payment "severance".
"It's called severance.
Lester Speiser Severance, N.Y.
Severance payment talks ensue.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com