word
golden parachute
GOL-den PAIR-ah-shoot
ˈɡoʊldən ˈpærəʃuːtListen
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Syllable breakdown
goldenparachute
Dictionary meaning
substantial financial benefits contractually guaranteed to executives upon departure from a company, especially following a merger or acquisition; critics argue they misalign incentives; supporters say they allow executives to make objective decisions about takeovers
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