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golden parachute |
Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.10 sec. |
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a golden parachute if an important manager in a company has a golden parachute, the company agrees to give them a very large sum of money if they lose their job. He insisted on a substantial golden parachute as part of the package before taking up the post. See also: golden |
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? References in periodicals archive |
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As Neuhauser explains, many golden parachutes for departing executives are subject to a 20 percent excise tax. Consumers' desire for unrealistic high returns on their investments has been the driving force behind the push for more profits, outrageous salaries for chief executive officers, golden parachutes, bonus plans, stock options, etc. The only shot they have at getting final approval is significantly reducing the golden parachutes that executives will receive if the merger goes through,'' said Jerry Flanagan, lead health care advocate with the Foundation For Taxpayer and Consumer Rights in Santa Monica. |
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Golden parachutes
