Tuesday, October 14, 2008

Golden Parachutes

How did the term golden parachute catch on to describe CEO's leaving bad situations with big severance packages? 

 A golden parachute is not a good thing.  You will die if you jump out of an airplane with a parachute made of gold.  It is an ironic statement.  Unless these bosses are choking on their paychecks, the phrase is inappropriate. 

This has been driving me crazy.  Thank you for listening. 

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