New York State Senator Michael Ranzenhofer (R - Amherst) and Assemblywoman Monica Wallace (D - Lancaster) have introduced state legislation to curb the use of golden parachutes for all state public authorities. (www2.erie.gov)
The Bill also requires enhanced disclosure of golden parachute agreements in proxy materials relating to merger or other business combination or sale and requires a separate shareholder vote on the agreement. (legalweek.com)
Katz, who demanded the library's Board of Trustees snip the lines of the secret golden parachute in Galante's contract, also told him she did not want to engage in a «back and forth» about the issue at the hearing. (queens-politics.com)