gold·en par·a·chute
ˈɡōldən ˈperəˌSHo͞ot
noun, informal:
a large payment or other financial compensation guaranteed to a company executive should the executive be dismissed as a result of a merger or takeover.
gold·en par·a·chute
ˈɡōldən ˈperəˌSHo͞ot
noun, informal:
a large payment or other financial compensation guaranteed to a company executive should the executive be dismissed as a result of a merger or takeover.
https://www.bloomberg.com/graphics/2016-golden-parachutes/
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21 CEOs With $100 Million Golden Parachutes:
http://www.motherjones.com/politics/2012/01/executive-pay-100-million-ceo-severance-packages/