golden handshake - significado y definición. Qué es golden handshake
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Qué (quién) es golden handshake - definición


golden handshake         
(golden handshakes)
A golden handshake is a large sum of money that a company gives to an employee when he or she leaves, as a reward for long service or good work. (BUSINESS)
N-COUNT
golden handshake         
¦ noun informal a payment given to someone who is made redundant or retires early.
Golden handshake         
A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options.

Wikipedia

Golden handshake

A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options. According to Investopedia, a golden handshake is similar to, but more generous than a golden parachute because it not only provides monetary compensation and/or stock options at the termination of employment, but also includes the same severance packages executives would get at retirement.

The term originated in Britain in the mid-1960s. It was coined by the city editor of the Daily Express, Frederick Ellis. It later gained currency in New Zealand in the late 1990s over the controversial departures of various state sector executives.

"Golden handshakes" are typically offered only to high-ranking executives by major corporations and may entail a value measured in millions of dollars. Golden handshakes are given to offset the risk inherent in taking the new job, since high-ranking executives have a high likelihood of being fired and since a company requiring an outsider to come in at such a high level may be in a precarious financial position. Their use has caused some investors concern since they do not specify that the executive has to perform well. In some high-profile instances, executives cashed in their stock options, while under their stewardship their companies lost millions of dollars and thousands of workers were laid off.

Ejemplos de uso de golden handshake
1. Apart from anything else, a golden handshake is what you get when you leave.
2. The company also refused to comment on speculation Lord MacLaurin is to receive a 500,000 "golden handshake" when he retires as chairman in July.
3. The following year, the government tried to lure the rickshaw–pullers with a version of the golden handshake offering them Rs 12,000 on surrender of their rickshaws.
4. Then suddenly, like a stage magician, he produced his P45 tax form, the only golden handshake a departing worker can be certain of receiving.
5. "Now these life peers, many of whom were already rich men when they were appointed by Blair, think they deserve a golden handshake.