What is Bronze Parachute?
1.
The sort of compensation, maybe a few grand, that non-executive professionals might receive upon being laid off. Unlike the
"Sure, getting $2,000 as bronze parachute is better than nothing at all, but with my mortgage payment like it is it won't be long before I come crashing through the roof of the homeless shelter."
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1.
Derived from the term describing the routine of submarine sailors where they share a bed or "rack" among three people. Each sa..
