The CEO received a golden parachute when he left the company.
golden parachute
idiomAn agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated.
Many employees were angry that the departing executive received a massive golden parachute while the rest of the staff faced layoffs.
Critics often argue that a generous golden parachute encourages reckless risk-taking by executives, as they remain financially protected even if their strategic decisions lead to corporate failure.
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golden age
A period of happiness, peace, prosperity, and great progress.
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golden goose
Something that generates much profit or gives great advantages.
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golden handcuffs
Any arrangement or agreement designed to provide extremely favorable benefits or pay, so as to discourage a participant from choosing to leave it, especially to retain a choice employee in a role that is unpleasant to them.
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golden handshake
A generous severance payment, especially as an inducement to leave employment.
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golden hello
A payment offered to an employee as an inducement to join, especially if currently working for a competitor.
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golden mean
A position of balance between excess and deficiency.
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golden opportunity
Ideal moment to do something.
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golden rule
A fundamental rule or principle.