What is a golden parachute?
A golden parachute is a collection of attractive benefits offered to top executives to encourage them to take on a new role. These perks can include things like a cash bonus, stock options, help with relocation, and various other allowances.
The term “golden parachute” specifically emphasizes the idea of a secure and financially comfortable exit for an executive, often in the context of a merger or acquisition, though it can broadly refer to the appealing package itself.
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