GOLDEN PARACHUTE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting acts or actions

Hypernyms ("golden parachute" is a kind of...):

porcupine provision; shark repellent (a measure undertaken by a corporation to discourage unwanted takeover attempts)

Credits