Golden Parachute

What is Golden Parachute?


1.

A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated. These benefits can take the form of severance pay, a bonus, stock options, or a combination thereof.

Larry Johnston, the biggest douche bag in the world is getting a 120 million dollar golden parachute for destroying Albertsons, one of the largest grocery chains in America.. Fuck him..

See golden, benefits, golden handshake


78

Random Words:

1. Meaning "rat bastard," this word has evolved out of the more commone phrase, "fat bastard." Young Gary, that rat ba..
1. the delay in reaction or comprehension of circumstances/events that occurs when one is under the influence of marijuana. calculated to ..
1. A strand of sperm that travels across the taint, connecting both the anus and vagina. "I'm gonna go wash up, hon. I've g..