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October 18, 2005
After Eisner, a Board Roars
For years, one of the worst kept secrets in business was the extraordinary lengths that CEOs had to go to in order to be terminated "for cause," and thus forfeit their stunning severance payouts. Screwing up royally wasn't enough. Sometimes neither was being charged with a felony. Now it appears that at least one oft-maligned corporate board has found the backbone to expand, rather than limit, the definition of for-cause termination.
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Posted By: Figment! @ 8:55 PM | 
