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Where did the term golden parachute originate?

Updated: 8/17/2019
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Q: Where did the term golden parachute originate?
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Where does the term parachute originate from?

From the French. Para from Parasol, and Chute=fall


What does golden parachute mean?

A golden parachute is given to an executive of a company if they are laid off due to a change in management or downsizing. The golden parachute is usually a large severance pay.


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How would you describe a golden parachute?

Another perk that became popular recently is the so-called golden parachute, which is a protection plan for executives in the event that they are forced out of the organization.


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What is a golden parachute?

Everytime I hear "golden parachute", it's the ultimate escape. A guy today referred to it when speaking of his birthday falling right before his eligible time to retire with full benefits.


Which language does parachute originate from?

The word "parachute" comes "para", meaning "against" or "counter" in Ancient Greek, and "chute", the French word for "fall".


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