Definition of golden parachute in English:

Share this entry

golden parachute


A large payment or other financial compensation guaranteed to a company executive if they should be dismissed as a result of a merger or takeover: I negotiated a large golden parachute when I came to America
More example sentences
  • Money could reach into the billions, given the oversized options, bonuses, and golden parachutes granted in recent years.
  • Rumours are spread about CEOs who get golden parachutes and entrepreneurs who leave with pockets stuffed full of cash.
  • But these fired CEOs are walking away with golden parachutes paying them more money for being fired than most Americans earn in a lifetime.

For editors and proofreaders

Line breaks: gold¦en para|chute

Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.