| 词汇 | golden parachute |
| 释义 | golden parachute Theme: FINANCIAL n. a special kind of severance pay for persons who may be forced to leave a job. (Usually for highly paid executives in large corporations. If the company is taken over and the executives are fired, they are very well provided for.)My golden parachute was so attractive that I wanted to get fired.If all the golden parachutes were used at the same time, it would bankrupt the company. Idiom golden parachute if an important manager in a company has a golden parachute, the company agrees to give them a very large sum of money if they lose their job.He insisted on a substantial golden parachute as part of the package before taking up the post. golden parachuteA large severance package given to an executive who is forced to leave a company due to a corporate merger or takeover. Daniel refused to take the position unless the company added a golden parachute clause to his contract. golden parachute n. a special kind of severance pay for persons who may be forced to leave a job. (see also golden handcuffs.) If all the golden parachutes were used at the same time, it would bankrupt the company. golden parachuteAn employment agreement that gives generous benefits to its high-ranking executives if they are dismissed owing to a company merger or takeover. This term, dating from about 1980, may have been based on the older golden handshake, which offers an employee generous benefits or a bonus in exchange for early retirement. It dates from the mid-1900s, when a dwindling school population prompted many localities to offer such an incentive to teachers. In contrast, golden handcuffs are a financial incentive to keep an employee from leaving a company. Stock options that can be exercised only far in the future are a popular form of golden handcuffs. This term dates from about 1970. |
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