0 a large payment made to someone who has an important job with a company when that person is forced to leave their job --
1 a large payment made to an executive if they are forced to leave a company, for example, if it is bought by another company: --
Additionally, it had a provision for a shareholder vote on golden parachutes.
In addition, the bill limits' golden parachutes' and requires that unearned bonuses be returned.
They must not think that they are off the hook today by taking measures - necessary measures, all the same - concerning reporting standards, financial supervision of rating agencies, or golden parachutes.
All manner of exotic devices have been invented to avoid that—golden parachutes, shark repellent, pacmac defences, greenmail and so on.
It stressed that the real performance of company directors should be reflected in their remuneration, including severance payments and everything relating to golden parachutes.
What about the golden goodbyes, golden parachutes, given to people leaving firms, even when those firms have failed?
They have devised a new language with scorched-earth policies; poison pills and golden parachutes are all part of the game.
He left in 2007 in what was considered a surprise move, becoming a barrister again, and receiving a golden parachute package of approximately either 87,000 or more than 200,000.
