You chair the board of a company and you need to fill the role of chief executive.
The headhunters have done their job, you are down to a shortlist of one and there is not much left to do other than settle the package with the candidate's lawyers. Is there an argument, at this stage, for considering the consequences of failure?
This hardly ever happens. By the time a headhunted individual has reached the finishing straight for the role of chief executive in a big company, the psychological state of the recruiting board has shifted.
This is the stage that the prospective chief executive's lawyers can ask for the Earth. One of the first things they do is attempt to secure a lucrative exit package because, even if the recruiting board is naïve enough to ignore the possibility of failure, the contract lawyers would be in dereliction of their duty in making the same omission.
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