What is another word for golden parachutes?
Pronunciation: [ɡˈə͡ʊldən pˈaɹəʃˌuːts] (IPA) 
Golden parachutes are a term typically used to describe a generous severance package given to executives in the event of a corporate takeover or merger. However, there are several other synonyms for this term that are commonly used in business. Some of these include "executive payout," "exit bonus," "benefits package," and "severance pay." Other terms that are used interchangeably with golden parachute include "post-employment benefits," "compensation package," and "termination benefits." Essentially, any form of financial compensation or benefits offered to employees in the event of a termination or merger can be described as a golden parachute. The term is often criticized for being excessive and unnecessary, but it remains a common practice in many industries.
