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
Random Words:
1.
v. The act of blowing a loadall over the face of a 250+ pound girl after she gives you really good oral sex (and she will because she ha..
