Sentences with golden parachute
gold·en par·a·chute
G g - Golden parachutes entitle them to a full year's salary if they get booted out of the company.
- Many of the sacked executives will collect a large golden parachute payment with their redundancy letter.Without the golden parachute, managers may have some incentive to acquiesce too easily to strong, hostile takeover bids.A golden parachute is a very large payment and benefits that are offered to executives as part of their employment agreement if they are forced to leave a company.