 |
Definition of 'Golden Life Jacket'
An exceptional compensation package offered by the acquiring company to the top executives of the company being bought. The offer is meant to keep those executives interested in retaining their positions.
|
 |
Investopedia explains 'Golden Life Jacket'
A form of sweetheart deal, golden life jacket benefits include in-the-money options and additional large bonuses. The options offered may not be in the best interests of shareholders, as the executive holding the options could be unaffected by large swings in share prices.
Furthermore, there is less incentive to make the best possible decisions, which could impact its share price, because the executives often receive the benefits regardless of how well the company performs.
|
Search results for 'Golden Life Jacket'
-
http://financialedge.investopedia.com/financial-edge/1010/The-Debt-First-Aid-Kit.aspx
... credit worthiness to lenders. Next, assess the size of your financial life
jacket by listing your assets and debts. List all of the ...
-
http://www.investopedia.com/articles/03/092403.asp
... get the suspect with his or her jacket over the ... act like handcuffs for the employee,
albeit golden handcuffs ... of making offers: "Sign or lose you life." It's not ...
|
|
