Executive Treatment, The Golden Parachute
A golden parachute is a term used to describe what benefits top executives receive when their company gets taken over (bought out, etc.) by another company, and they lose their jobs as a result.
What benefits do golden parachutes come with? Golden parachutes are littered with everything from huge bonuses to stock options to severance pay, and yes probably a free dinner or two on the way out.
In the end these top executives are essentially walking away in a nicer suit than what they wore when they came in, and one would have to imagine finding a new job can’t be too difficult.
Golden Parachutes will have execs floating for a long time before they have to worry about much. And, the next job they get as the exec of another company will have them rewarded with yet another golden parachute. Being fired couldn’t be more tough 
.
