Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,592,366,484 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

golden parachute

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.10 sec.
golden parachute, a contract given to top executives of a corporation to provide benefits in case of job loss due to a takeover by another firm or a merger. The unusually generous benefits may include substantial severance pay, a one-time bonus payment when employment ends, or stock options.
How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
Dismissed Western Corporate Federal Credit Union President/CEO Bob Siravo did receive a large retirement payout in 2008, but it was from a deferred compensation plan and not a golden parachute severance payout, former WesCorp Board Member Diana Dykstra said.
Siravo's payout was retirement compensation, Dykstra says by Anderson, Heather / Credit Union Times
Stuttgart-based Porsche said in a statement that an agreement on the resignations had been reached with the supervisory board and that Wiedeking -- said to be the best-paid boss in Germany -- would get a golden parachute worth 50 million euros (71 million dollars), of which half was to go to a "social foundation.
Porsche boss, finance chief resign by AFP / AFP Global Edition
I RECEIVED THIS E-MAIL LAST week from, an old friend: Why does Scott Ford s $89 million golden parachute bother me so?
Texas two-step by Moritz, Gwen / Arkansas Business
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.