Share this entry

Share this page

golden parachute

Line breaks: gold¦en para|chute

Definition of golden parachute in English:

noun

informal
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.

Definition of golden parachute in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day ingratiate
Pronunciation: ɪnˈɡreɪʃɪeɪt
verb
bring oneself into favour with someone through flattery…