Idiom
golden parachute
Meaning
An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated.
Meaning adapted from Wiktionary, available under CC BY-SA 4.0.
Examples
“The CEO received a golden parachute when he left the company.”
“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.”
Examples
simple
“The CEO received a golden parachute when he left the company.”
contextual
“Many employees were angry that the departing executive received a massive golden parachute while the rest of the staff faced layoffs.”
complex
“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.”
Key words
Related idioms
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