What does Golden Parachute mean?
A large severance package provided to an executive if they are terminated, often following a merger or takeover.
The outgoing CEO received a substantial golden parachute as part of his severance package after the merger.
Golden Parachute in German, French, Spanish and Italian
GermanGoldener Fallschirm
Oft umstrittene Abfindungsregelung für Top-Manager.
FrenchParachute doré
Indemnité de départ très élevée versée à un haut dirigeant.
SpanishParacaídas de oro
Cláusula que garantiza una indemnización millonaria por despido.
ItalianParacadute d'oro
Ingente buonuscita spettante ai dirigenti in caso di licenziamento.
Common phrases with Golden Parachute
- receive golden parachute
- negotiate golden parachute
- clause golden parachute