golden parachute

1. 1.

   giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover

   Broadershark repellent

Questions about golden parachute

What does golden parachute mean?

golden parachute means "giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover".

Is golden parachute a common word?

golden parachute is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.