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Golden Bungee

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Dictionary Says

Definition of 'Golden Bungee'

A juicy severance package that is given to a corporate executive who is leaving the company, either voluntarily or otherwise. A golden bungee can include cash, stock options and other perks to be paid to the departing executive. It is the modern term for golden parachute.

Investopedia Says

Investopedia explains 'Golden Bungee'

Golden bungee is derived from the concept of the bungee cord, that supports thrill-seekers as they jump from dizzying heights. A golden bungee serves to protect corporate executives who take figurative leaps by leaving a company.

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