One example: if you're the one who approves the sale, you can arrange for a cushy job with a golden parachute at the acquiring entity. Say, $1m/yr comp with $30m mandatory severance whenever you leave for any reason.
Congrats, you just got paid $30m+ as an exec for an exit that paid nothing to all other shareholders.
Congrats, you just got paid $30m+ as an exec for an exit that paid nothing to all other shareholders.