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Adam Neumann is reportedly getting a $1.7 billion 'golden parachute' -- here are 6 more ousted execs who received millions Jackal Pan/Getty Image; Samantha Lee/Business Insider A "golden parachute" historically is a payment triggered by a company takeover that an executive receives upon exiting. Today, the term is being used more liberally to describe any kind of severance payment an executive receives after leaving a firm (even when the person's performance has been subpar). WeWork cofounder Adam Neumann is reportedly getting $1.7 billion for stepping down as the company's chairman after its biggest investor, SoftB...
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