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Glossary > G > "Golden Life Jacket" Definition

Golden Life Jacket

An exceptional compensation package offered by an acquiring company to the top executives of the company being acquired. The offer is meant to keep these executives interested in retaining their positions.

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Golden Life Jacket \ An exceptional compensation package offered by an acquiring company to the top executives of the company being acquired. The offer is meant to keep these executives interested in retaining their positions.

Golden Life Jacket / an exceptional compensation package offered by an acquiring company to the top executives of the company being acquired. the offer is meant to keep these executives interested in retaining their positions.