One of the mysteries of the English language finally explained.
A payment given to someone who is made redundant or retires early.
- ‘In 2000, the number of golden handshakes and retention bonuses soared but they have plummeted to about half of last year's level during the past eight months.’
- ‘Although golden handshakes - the tired euphemism for getting paid to get out - are generally quite attractive, there is some concern that the money will be treated like a lottery windfall or end up in the wrong hands.’
- ‘The officials were all given golden handshakes after 1994 and left the department as rich people.’
- ‘Now it has been revealed that they are to be given golden handshakes of up to £25,000 each if they retire before 2007 when proportional representation is introduced and many councillors will lose their seats.’
- ‘Non-banking corporate fraudsters often get off scot free, occasionally with golden handshakes, for similar reasons.’
- ‘Hidden commissions, golden handshakes, backdoor deals, you know it can be quite murky.’
- ‘Over the last few weeks there have been a number of stories about shareholders rejecting the previously unquestioned practice of industry bosses receiving grossly excessive golden handshakes.’
- ‘While I agreed with some of the things that Mr Mark said, I do not think we can compare that compensation with a golden handshake.’
- ‘All the councillors involved could have opted out in 1999 with the guarantee of a golden handshake but they decided to remain on in public life.’
- ‘There are no golden handshakes, share options, windfall payments or company cars in this world.’
- ‘The Inland Revenue has intervened in respect of termination of employment contracts to prevent golden handshakes being used as tax avoidance devices so that payments of over £30,000 are subject to tax in the claimant's hands.’
- ‘The golden handshakes, the lavish executive salaries, the disregard for worker entitlements, the corporate rorting and the insider deals must end.’
- ‘He left the top job after six months without severance pay - which, in this day of sumptuous golden handshakes, just added to the mystery.’
- ‘Because he did not want her to get the big golden handshake he restructured the civil service, just to get rid of one person.’
- ‘The trust says it is prevented by the Data Protection Act from going into details but made clear there will be no golden handshakes.’
- ‘As I noted in my first reading speech, the public are sickened when they see executives who oversaw a company's poor performance being rewarded with large golden handshakes while workers are laid off.’
- ‘Then there were the retirement packages and golden handshakes.’
- ‘Salaries did not change significantly in quarter three, although golden handshakes and guaranteed bonuses have almost disappeared from the offer table.’
- ‘At the sharp end of the economy, the metal bashers and widget manufacturers also closed factories and sacked workers - without the big golden handshakes that relieve the pain in the financial sector.’
- ‘Two messy divorces had taken a toll on his personal finances, and his golden handshake from the agency was just sufficient to keep him out of bankruptcy court.’
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