golden hello business definition

A substantial bonus offered as an employment inducement. For example, Hewlett-Packard offered NCR head Mark Hurd a $2 million signing bonus, a $2.75 million relocation allowance, 1.15 million stock options, 400,000 restricted HP shares, and one year of free housing to become chief executive of HP. This golden hello was in addition to Hurd's annual salary, long-term incentive payments, and annual bonus.