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a golden handshake

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a golden handshake
a large sum of money which is given to someone when they leave a company, especially if they are forced to leave The manager got early retirement and a £600,000 golden handshake when the company was restructured.
See also: golden


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In a statement the Stuttgart-based firm said an agreement on the resignations had been reached with the supervisory board, and that Wiedeking -- said to be the best-paid executive in Germany -- will get a golden handshake worth 50 million euros (71 million dollars), with half that sum going to a "social foundation".
He was someone who wasn't doing his job and to be allowed to walk off into the sunset with a golden handshake is I think something most people will find very irritating.
These are the same civil servants for whom you and I are having to work until we are 70 years old, to pay for their government pensions, so they can retire at 60 years of age on a golden handshake and a pension vastly superior to ours.
 
 
 
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