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Golden parachute
/ɡˈəʊldən pˈaɹəʃˌuːt/
/ɡˈoʊldən pˈæɹəʃˌuːt/Golden parachute
01
gyllene fallskärm, golden parachute
a financial compensation that is offered to a top executive in the event that their employment is terminated
IdiomWhat is the origin of the idiom "golden parachute" and when to use it?
The phrase "golden parachute" originates from the world of corporate finance and executive compensation. This idiom is used to describe a substantial severance package or financial benefits offered to executives if they are forced to leave their position due to certain circumstances, such as a merger, acquisition, or termination.
Example
As the company faces a potential merger, the executives are concerned about the future of their golden parachutes.
The CEO negotiated a golden parachute in her contract to ensure financial security if the company undergoes a takeover.
When the CEO resigned, he received a generous golden parachute as part of his exit package.
