The term “golden parachute” describes an agreement between a company and an employee, whereas the employee will receive certain significant benefits if the company terminates the employee. These benefits include severance pay, cash bonuses, stock options, or other benefits. Companies created golden parachutes to attract and retain skillful business leaders. But golden parachutes have come to represent excessive compensation regardless of the executive’s performance, even if they are forced out for poor performance, even a scandalous event. If COVID-19 has displaced you, what color is your parachute?
You are feeling the effects of the economic slowdown of the COVID-19 pandemic. You are worried about your personal life, your family life, and your professional life. There is so much uncertainty; life today can be downright scary. What are you supposed to do?
Spike SanteeAn Ill Wind that Blows No One Any Good
The ship was lost in a terrible storm when it hit the reef. Only one man survived the shipwreck. He found himself alone on a deserted island without food or shelter. He was scared and he prayed to God to be rescued. But day after day, no one came.
The key to unlocking your future potential lies within you. If you want to get to the next level, you can’t be a part of the “coulda woulda shoulda” crowd. Larry The Cable Guy likes to say “Giterdone” but you need to be able to say “Goterdone”.
In the mid-1930s, at the height of the Great Depression, there weren’t many people with the foresight and courage to start up a new company. After all, unemployment was at record levels. But that is exactly what Leo and Lillian Goodwin did.