Golden Parachute
Lucrative benefits given to top executives in the event that a company is taken over by another firm, resulting in the loss of their job. Benefits include items such as stock options, bonuses, severance pay, etc. Investopedia Says:
A golden parachute can be used as a measure to discourage an unwanted takeover attempt. Related Terms:
Camouflage Compensation
Fat Cat
Golden Life Jacket
Shark Repellent |