Golden Parachute

What does it Mean? Lucrative benefits given to top executives in the event that a company is taken over by another firm, resulting in the loss of their job. Benefits include items such as stock options, bonuses, severance pay, etc.
Investopedia Says... A golden parachute can be used as a measure to discourage an unwanted takeover attempt.

Terms Related Links

Camouflage Compensation
Fat Cat
Golden Life Jacket
Shark Repellent

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