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3. Antitakeover protection for executives

Alternative clues for the word goldenparachute

• Exec's severance pay of a sort
• Provision in some executives' contracts
• Executive's parting gift
• It'll make the ax not feel so sharp
• Postemployment package, sometimes
• Suit protector?
• Executive's compensation, sometimes
• C.E.O. protector
• But before he can take off with his own "___" ...