Meaning of the word "golden parachute" in English
What does "golden parachute" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
golden parachute
US /ˈɡoʊl.dən ˈpær.ə.ʃuːt/
UK /ˈɡoʊl.dən ˈpær.ə.ʃuːt/
Noun
1.
a large payment or other financial compensation guaranteed to a company executive in the event of termination of employment, especially due to a merger or acquisition
Example:
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The CEO received a substantial golden parachute when the company was acquired.
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Shareholders often criticize excessive golden parachute clauses in executive contracts.
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