golden parachute love

golden parachute

Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun An employment agreement that guarantees a key executive lucrative severance benefits.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun idiomatic, business An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover

Etymologies

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Examples

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Comments

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  • definition: something valuable that you gain while exiting a not-so-pleasant situation

    January 4, 2007

  • "Mr. Paulson, in Congressional testimony last week, had also expressed support for provisions to limit the pay of executives whose firms seek assistance, including a ban on so-called golden parachute retirement plans."

    The New York Times, Consensus on Rescue Plan Is Said to Be Near, by David M. Herszenhorn and Carl Hulse, September 27, 2008

    September 28, 2008