Definitions
There is 1 meaning of the phrase
Golden Parachute.
Golden Parachute - as a noun
Giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover
Example Sentences
"The CEO negotiated a lucrative golden parachute as part of his employment agreement."
"When the company was acquired, the executives received generous golden parachutes."
"She hoped to secure a golden parachute in case she was ever let go from her job."
"The golden parachute allowed him to retire comfortably even if the company failed."
"The shareholders were outraged by the excessive size of the golden parachutes given to the executives."
