What is a "golden parachute"?

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A A high-altitude corporate team-building exercise.
B A massive financial payout guaranteed to an executive if they are terminated.
C An expensive safety system installed in company warehouses.
D A performance bonus given exclusively to entry-level hires.

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Answer: B. A massive financial payout guaranteed to an executive if they are terminated.

• Answer: B
• Explanation: A golden parachute is a clause in an executive's contract providing substantial financial compensation, stock options, or severance packages if they lose their job, especially after a corporate merger or takeover.

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What is a "golden parachute"?

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