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golden handshake |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.12 sec. |
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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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In the past, however, golden handshakes have frequently been given to forced-out city officials. As a condition for taking over Stuttgart, Anderson demanded carte blanche for the necessary bloodletting, and twenty-five dancers, both with and without tenure, were given golden handshakes, found other jobs, or let go. Instead of cash, the winner receives a week's worth of television advertising, an hour on ``Oprah,'' book deals, golden handshakes with the city's top power brokers and, most important, a TV audience hungry for quality entertainment. |
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golden handshakes
