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golden parachute

Coming in for a Landing: What the Heck is a Golden Parachute?

6 October 2008

In the midst of all of the chatter about the economic fiasco bailout package, the term “golden parachute” has been bandied about quite a bit. Most folks know it has something to do with executive compensation – but what the heck is it? A golden parachute is an agreement between a company and an employee [...]

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