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Home > QFINANCE Dictionary > Definition of golden goodbye

Definition of

golden goodbye


generous payment for departing senior executive a sum of money given to a senior executive on his or her involuntary departure from an employing organization as a form of severance pay. A golden handshake can be offered when an executive is required to leave before the expiration of his or her contract, for example, because of a merger or corporate restructuring. It is intended as compensation for loss of office. It can be a very large sum of money, but often it is not related to the perceived performance of the executive concerned.


Related definitions of "golden goodbye"

Definitions of ’golden goodbye’ and meaning of ’golden goodbye’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’golden goodbye’ and other financial terms with our online QFINANCE Financial Dictionary.

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