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New York Times
Oct 13
Comment
Jeffrey M. Peek is stepping down as the CIT Group's chief at the end of this year. But he isn't walking away with a hefty parting gift.
Clusterstock
May 26
Comment
Consider this a service to anyone out there at a TARP bank, trying to figure out how to send your executives packing with a fat suitcase full of cash.
See, technically you're really not supposed to pay golden parachutes out while your sucking on...
LOLFed
Oct 16
Comment
OK, the restrictions in the bailout bill on those scandalous golden parachutes have been done to death, so here's some info on a scandal involving a golden toilet. From WSJ:
HONG KONG -- 3D-Gold Jewellery Holdings Ltd. said it has called in...
The Political and Financial Markets Commentator
Sep 16
Comment
What is the deal with Golden Parachutes?
I sit fixated in front of my T.V. and watch as companies go bankrupt, companies appear to be on the edge of bankruptcy and the financial system creaks under the strain.
I see tens of thousands of...
Stock Trading To Go
Sep 8
Comment
A golden parachute is a term used to describe what benefits top executives receive when their company gets taken over (bought out, etc.) by another company, and they lose their jobs as a result.
What benefits do golden parachutes come with? Golden...
Stock Trading To Go
May 1
Comment
This is a good one to add to the stock lingo collection here at Stock Trading 101. A golden parachute is a term used to describe what top executives get which are crazy benefits when their company gets taken over (bought out, whatever) by another...
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