Alain Souchon, "Golden Parachute"
Excessive risk taking and unethical behaviour across the financial industry helped cause the global financial crisis of 2007-08. At the same time as firms were retrenching workers, filing for bankruptcy and relocating overseas to save costs, many CEO’s and high-ranking executives received golden parachutes - multi-million dollar pay outs: severance pay, cash bonuses, stock options. This song can be used to examine the ethical issue of whether golden parachutes are justified and to what extent they should be restricted by law.