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MrBulletPoints t1_j659hkd wrote

  • It's in their contract.
  • You'll only see this for people who are way high up.
  • The only way to get them to accept the job is to agree to pay a certain amount if they are ever fired for certain reasons.
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junkeee999 t1_j65xfqv wrote

It depends what is meant by 'huge' payouts. When layoffs occur, it isn't uncommon to receive a severance payment, even though they may not be required to. I personally received a 5 figure one when I was laid off. Not a fortune, but definitely helped.

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JamonDeJabugo t1_j65pr5u wrote

I'm married to one of these people...I think of it like professional sport coaches or managers....they get fired a lot! Sometimes it's not even anything they did, just someone else bought the company and wants their own person in charge. My spouse's highest annual income, 7 figures USD...was the year they were made redundant.

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