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Golden parachute
01
a financial compensation that is offered to a top executive in the event that their employment is terminated
Idiom
Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
golden parachutes
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.
Examples
The CEO left with a golden parachute worth millions.
