golden parachute
Lavish severance package
A golden parachute is a contract guaranteeing executives substantial severance benefits if they lose their jobs following a corporate takeover or merger.
The payments can include cash, stock options, and bonuses worth millions: The CEO's golden parachute was worth $40 million.
The term suggests a soft landing for those at the top while ordinary employees may be laid off with minimal compensation.
Termination pay or disconnection
- payoutMoney distributed to recipient
- bonusReward beyond expectation
- packageWrapped item for delivery
- settlementResolved dispute or colony
buyout · windfall · remuneration · incentive · earnings · payoff · gratuity · indemnity
Corporate combination
- acquisitionAct of obtaining something
- takeoverAssuming command of something
- buyoutPurchase of controlling interest
- contractEnforceable written agreement
clause · agreement · negotiation · exit strategy · provision · deal · restructuring · hostile takeover
Termination pay or disconnection
- layoffTermination without cause
- dismissalRemoval from position
- firingTerminating employment
- resignationVoluntary relinquishment of position
departure · exit · downsizing · redundancy · pink slip · ouster · forced out · job loss
Surplus beyond need
- inequalityUnequal distribution of resources
- greedExcessive desire for wealth
- backlashStrong negative reaction
- outrageFierce moral indignation
scandal · cronyism · favoritism · resentment · disparity · privilege · shareholder revolt · reform
Top corporate officer
- CFOTop corporate money officer
- C-suiteTop executive positions
- boardroomCorporate decision venue
- directorOne who leads
chairman · president · vice-president · chief · officer · leadership · succession · headhunter
severance
Termination pay or disconnection
settlement · buyout · windfall · remuneration · incentive · earnings · payoff · gratuity · indemnity · emolument
merger
Corporate combination
- acquisitionAct of obtaining something
- takeoverAssuming command of something
- buyoutPurchase of controlling interest
contract · clause · agreement · negotiation · exit strategy · provision · deal · restructuring · hostile takeover · change of control
severance
Termination pay or disconnection
resignation · departure · exit · downsizing · redundancy · pink slip · ouster · forced out · job loss · transition
excess
Surplus beyond need
- inequalityUnequal distribution of resources
- greedExcessive desire for wealth
- backlashStrong negative reaction
outrage · scandal · cronyism · favoritism · resentment · disparity · privilege · shareholder revolt · reform · criticism
CEO
Top corporate officer
director · chairman · president · vice-president · chief · officer · leadership · succession · headhunter · executive search
- workjob, 9 to 5, jobs, labor, employee
- careersdoctor, lawyer, teacher, engineer, nurse
- corporate worldCEO, CFO, COO, VP, executive
- retirementretirement, retire, retirement age, retirees, retirement income
- Corporate Americacorporate ladder, cubicle, cubicles, corner office, office politics
- job perkssalary, perks, pension plans, 401k, benefits
golden parachutepink slip
Employment termination notice
nothing · summary dismissal · two weeks' notice · layoff · walking papers
golden parachutehard landing
Forceful impact upon touchdown
crash landing · free fall · no safety net · financial ruin · left high and dry
golden parachuteclawback
Contractual fund recovery
perp walk · personal liability · disgorgement · disgrace · forced resignation
golden, parachute, golden handcuffs, golden parachutes, gilded, gilding, parachuted, parachuting, golden age