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Definition of Golden parachute
1. Noun. Giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover.
Definition of Golden parachute
1. Noun. (idiomatic business managment) An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Golden Parachute
Literary usage of Golden parachute
Below you will find example usage of this term as found in modern and/or classical literature:
1. Economic Sanctions and American Diplomacy by Richard Haass (1998)
"... carefully planned military operation—combined with some luck and, if necessary,
the inducement of an appropriate "golden parachute" for departing ..."
2. Prophets and Profits: Managerialism and the Restructuring of Jewish Schools by Chaya Herman (2006)
"Another expense was created by the tendency of the Board to give retired directors
or principals 'a golden parachute' when they left their positions; ..."
3. I Ching: Translation and Remarks: the Chameleon Book by Freeman Crouch (2005)
"(This may be the Duke of Zhou's golden parachute.) Among the concerns of a time
of Big Haul is where to go next once business is concluded. ..."
4. Ascension Or Never-Ever Land!: Blue Beam Flight School by Gyeorgos Ceres Hatonn (1994)
"In order to grease the skids of the current or departing bank officials, GR
stated, “They are given a five million dollar golden parachute, a couple of ..."
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