What does golden parachute mean?
Definitions for golden parachute
gold·en para·chute
This dictionary definitions page includes all the possible meanings, example usage and translations of the word golden parachute.
Princeton's WordNet
golden parachutenoun
giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover
Wiktionary
golden parachutenoun
An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated.
Wikipedia
Golden parachute
A golden parachute is an agreement between a company and an employee (usually an upper executive) specifying that the employee will receive certain significant benefits if employment is terminated. These may include severance pay, cash bonuses, stock options, or other benefits. Most definitions specify the employment termination is as a result of a merger or takeover, also known as "change-in-control benefits", but more recently the term has been used to describe perceived excessive CEO (and other executive) severance packages unrelated to change in ownership (also known as a golden handshake).
ChatGPT
golden parachute
A golden parachute is a financial arrangement in which a company provides significant benefits to its top executives in the event that they lose their job or position due to a company merger or acquisition, being forced out, or deciding to retire. These benefits can include bonuses, severance pay, stock options, or a generous retirement package. This term often refers to such agreements criticized as excessively beneficial to the management team.
Wikidata
Golden parachute
A golden parachute is an agreement between a company and an employee specifying that the employee will receive certain significant benefits if employment is terminated. Most definitions specify the employment termination is as a result of a merger or takeover, also known as "Change-in-control benefits". But more recently the term has been used to describe perceived excessive CEO severance packages unrelated to change in ownership. The benefits may include severance pay, cash bonuses, stock options, or other benefits.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of golden parachute in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of golden parachute in Pythagorean Numerology is: 6
Translations for golden parachute
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"golden parachute." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/golden+parachute>.
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