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In particular, the practice of broadly indemnifying executives in acquisitions may be too beneficent; I've never seen a board reject a takeover offer because its executives are not receiving sufficient indemnification.
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The lawsuit states that JPMorgan seeks to recover "substantially in excess of a billion dollars of indemnification," and that $2.75 billion of assets it says remain in the Washington Mutual receivership "should be sufficient" to satisfy its claims.
But indemnification rights are not unlimited.
But indemnification does not apply across the board.
"Mutual indemnification always is, " he replies.
Menem then passed, by Presidential decree, the "law of indemnification".
Demands for indemnification don't just come from businesses.
Each board member, by name, should also receive written indemnification.
The provision in the one-year contract involves indemnification.
Not sufficient.
At a moral level, they don't deserve indemnification, much less payment of such princely sums".
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