Time to sell Curis on this news of exec compensation.. They are screwing the shareholder..
An acquisition by another firm could lead to an earlier executive termination thereby triggering a golden parachute even without the executive's screwup. Golden Parachutes are a way of staving off an unwanted buyout which might benefit the shareholders. Really now, why complicate life with these goodies when a decent compensation package will motivate qualified people just as well? If they need additional motivation then perhaps they don't need to stay with this Company anyway.