Chris Edwards' blog post
The $8m goodbye
describes last-minute employment contract sweeteners
given the departing Cadence executive team, including the CEO:
totalling that lot up, it will cost Cadence in the region of $8m cash to say goodbye to the bulk of its former senior executive team.
Can you say Golden Parachute?
I guess as long as any laid-off rank & file workers will be offered similar terms, this is fine.
That'll be happening, right?