golden parachute :

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golden parachute

  • n  giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover
News & Articles

  • Jos. A. Bank shareholders vote disapproval of CEO pay
    Company declares intent to pursue acquisitions to spur growth Jos. A. Bank Clothiers Inc. shareholders voted to reject pay packages for the menswear retailer's top executives at the company's annual meeting Friday, a nonbinding action that may express displeasure with management or, company officials believe, a so-called "golden parachute" provision for CEO R. Neal Black.        
    June 21, 2013 - Baltimore Sun
  • Ousted Commerce founder tries again for big payout
    The founder of Commerce Bank is seeking a new trial on his claim he was owed a golden parachute when he was ousted in 2007.
    June 18, 2013 -
  • More Articles
    Getting hurt on the job can be a golden parachute for federal workers. Part 2 of a three-part Washington Examiner Watchdog team report.
    June 18, 2013 - Washington Examiner

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