Golden parachute

• Provisions in the employment contracts of key executives that provide them with sizable compensation if the firm is taken over; deters hostile takeovers to the extent that the cash outflows required are large enough to make the takeover unattractive.

• Compensation paid to top-level management by a target firm if a takeover occurs.

 Embedded terms in definition
Hostile takeover
Target firm

<< Gold/silver ratio Good 'til canceled >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

Well done is better than well said. - Benjamin Franklin (1706-1790)


Copyright 2009-2019 GVC. All rights reserved.