Opinion
Why Crown’s golden parachutes are a big tactical blunder
The gaming giant’s generous financial treatment of its former executives reveals a glaring lack of contrition for its egregious misconduct.
Karen MaleyColumnistZiggy Switkowski, who is awaiting probity clearance from state gambling regulators before taking over as chairman of Crown Resorts, likely had mixed emotions as he contemplated the close to $10 million in termination benefits lavished on three top executives who departed the crisis-prone casino giant as part of its efforts to revamp its operations.
On the one hand, Switkowski will likely feel a certain amount of relief that the disclosure of these generous golden parachutes has occurred before he’s taken the helm at Crown.
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