Golden Parachute
Example
For example, a company that implements Golden Parachute strategies, like The CEO received a golden parachute after the company was acquired., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
A large financial compensation or severance package given to an executive if they are dismissed as a result of a merger or takeover. This term is crucial in the Golden Parachute context as it helps businesses understand how to Golden Parachute in their operations, making it highly relevant for industries looking to optimize Golden Parachute processes.
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