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Golden parachute
01
altın paraşüt
a financial compensation that is offered to a top executive in the event that their employment is terminated
What 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.
Örnek
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.
As the company faces a potential merger, the executives are concerned about the future of their golden parachutes.
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