Golden parachute Meaning in English
expression
Definition
A 'golden parachute' is a large financial benefit or compensation package given to a top executive if they leave a company, especially if they are forced out after a takeover or merger.
Usage & Nuances
Used in business, financial, and news contexts; somewhat formal. Most often refers to CEOs and top executives, not regular employees. Sometimes used critically to highlight unfair or generous payouts. Often appears after phrases like 'receive a golden parachute' or 'offered a golden parachute'.
Example Sentences
The CEO received a golden parachute when the company was sold.
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A golden parachute helps protect executives if they lose their jobs.
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Not every executive gets a golden parachute.
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After the merger, several top managers walked away with massive golden parachutes.
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There's public outrage every time a CEO gets a huge golden parachute for leaving a failing company.
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He negotiated a golden parachute into his contract just in case things went badly.
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