golden parachute
US /ˈɡoʊl.dən ˈpær.ə.ʃuːt/
UK /ˈɡoʊl.dən ˈpær.ə.ʃuːt/
1.
golden parachute, pampasan mewah
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
:
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The CEO received a substantial golden parachute when the company was acquired.
CEO menerima golden parachute yang besar apabila syarikat itu diambil alih.
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Shareholders often criticize excessive golden parachute clauses in executive contracts.
Pemegang saham sering mengkritik klausa golden parachute yang berlebihan dalam kontrak eksekutif.