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golden handshake

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golden handshake

token of gratitude bestowed on retiring employee after years of service. [Br. Pop. Culture: Misc.]
Allusions—Cultural, Literary, Biblical, and Historical: A Thematic Dictionary. Copyright 2008 The Gale Group, Inc. All rights reserved.
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References in periodicals archive
They will provide an in-depth discussion of the golden parachute payment rule and will also offer best tips and strategies in mitigating its impact to businesses' bottom line.
"The five proposals approved on the restriction of golden parachutes are an example of this development."
"It's part of a trend that's happening, you're seeing fewer golden parachutes in publicly traded companies; that's having an effect in nonprofits," he said.
The largest ever golden parachute was warded to John Welch, the former chief of General Electric.
Another welcome provision limits "golden parachute" compensation for executives of companies in the program.
The author examines the very nature of leadership by looking at the preparation Gates took to train his successors while guaranteeing his own "golden parachute." This volume, which is presented in an easy- to-understand journalistic tone, should interest consumers, industry insiders and, most notably, competitors.
Record City bonuses, massive boardroom pay rises 10 times that on the shop floor, golden parachute pensions for the bosses, lead balloons for the workers.
It has been documented recently that a number of high-ranking officials in the Chancellor's office have received "golden parachute" payments in excess of $100,000, for at least one year after leaving their positions, despite taking highpaying jobs elsewhere.
Other topics receiving multiple letters included criticism of field burning, University of Oregon Athletic Director Bill Moos' $2 million golden parachute and a debate over whether it was appropriate to present religious gospel music at the dedication of the new federal courthouse in Eugene.
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