Firing a highly paid executive for doing something wrong that harms your business can end up more expensive than it needs to be if your employment contracts aren't specific enough on the definition of firing "for cause."
These situations often involve denial of millions of dollars in compensation the executive would otherwise have been paid, creating plenty of incentive for them to sue. But those situations can often be avoided with better work on the wording up front.
"If they know they're going…
Firing a highly paid executive for doing something wrong that harms your business can end up more expensive than it needs to be if your employment contracts aren't specific enough on the definition of firing "for cause."
These situations often involve denial of millions of dollars in compensation the executive would otherwise have been paid, creating plenty of incentive for them to sue. But those situations can often be avoided with better work on the wording up front.
"If they know they're going…