Golden parachutes? Time to cut the strings, say European leaders

Europe's CEOs are used to receiving big salaries, exit bonuses and other perks, but the continent's political leaders are planning to put an end to the largess. The Netherlands wants to limit golden parachutes to just €75,000; France and Spain are increasing taxes on exit bonuses; and Germany is also seeking to rein in executive pay. "Exorbitance cannot be allowed in a free and socially minded society," said German Chancellor Angela Merkel.

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Atlantic online, The · Der Spiegel (Germany) (English online version)

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