In fight for CXOs, companies' weapon of choice - golden handcuffs
Even MNCs hiring CEOs for their India businesses are inserting clauses in employment contracts where abrupt exit from the company can come with significant financial loss for the executive
Synopsis
In the last one year, these established companies have lost their top leaders to new-age firms and companies in high-growth sectors such as technology, healthcare, and others. Now, they are looking at engaging their CEO and CXO talent in more sweetened, but binding, contracts.
Many conglomerates and large Indian companies are looking for ways to ring-fence their CEOs and CXOs through “golden handcuffs” to fight CXO attrition at an all-time high, top board members and half a dozen CXO search firms and HR consultants told ET.In the last one year, these established companies have lost their top leaders to new age firms and companies in high-growth sectors such as technology, healthcare, and others. Now, they are looking
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