Golden parachutes for nonperforming CEOs especially rankle Buffett. "Getting fired can produce a particularly bountiful payday for a CEO," he wrote. "Indeed, he can earn more in that single day while cleaning out his desk than an American worker earns in a lifetime of cleaning toilets. Forget the old maxim about nothing succeeding like success: Today, in the executive suite, the all-too-prevalent rule is that nothing succeeds like failure."
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