Cultural Literacy: Golden Parachute

Here is a Cultural Literacy worksheet on the concept of a “golden parachute.” This is a half-page worksheet with a short, dense reading of three compound sentences and three comprehension questions.

I haven’t heard the expression “golden parachute” in some time, and I tend to listen often to economics and finance radio programs and podcasts. People my age will remember this term as a part of the vernacular, particularly in the 1980s, when they became increasingly common, as The Business Professor explains. The word is still in use, at least as recently as five years ago, as this 2016 Harvard Business Review article demonstrates. In any event, paying executives to leave companies (especially if there is malfeasance, failure, or both) is so commonplace now that the concept remains, whatever term describes it–as this one aptly does.

I don’t know if your students need to know about this. I worked for some time in a business- and finance-themed high school, so I must assume I wrote this worksheet for my work there. In any case, you can do what you want with this document as it is formatted in Microsoft Word (as just about everything on this site is–ergo open source).

If you find typos in this document, I would appreciate a notification. And, as always, if you find this material useful in your practice, I would be grateful to hear what you think of it. I seek your peer review.

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