Should employees dumped in mass layoffs have the right to sue CEOs for executive malpractice? That was the intriguing question raised in a recent episode of ABC's "Eli Stone."
Eli's firm filed a class action on behalf of 300 people who lost their jobs after the company dismissed its CEO for bad management–but not before paying him over $200 million in annual compensation and another $43 million for severance.
The TV judge dismissed the initial suit, ruling the company has no liability for firing at-will employees to pay its bills–including a golden parachute for the CEO who ran the firm into the ground.
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