Bloomberg Business Week’s John Green:
Yes. Well, we did a Bloomberg news story yesterday, talked to some rich Wall Street bankers, and one of them an ex Goldman Sachs partner said that they actually have a nickname for Hillary Clinton, the fact she’s given so many speeches, made so much money, they refer to it as Hillary’s Goldman handcuffs, which is obviously a reference to Golden handcuffs. And I tweeted that yesterday and liberal Twitter, sort of, went wild. Because, I think it really resonates and gets at that lurking fear that Democratic voters have that maybe Clinton is too close to these Wall Street banks.”
grabien.com/…
For those who do not know what “golden handcuffs” are, here is a definition:
Golden handcuffs, a phrase first recorded in 1976,[1] refers to financial allurements and benefits that have the objective to encourage highly compensated employees to remain within a company instead of moving from company to company (opposite of a golden parachute). Golden handcuffs come in different forms: Employee stock options, which endow only when the employee has been with the company for different years and contractual agreements, that consist of bonuses or other forms of benefits which must be repaid to the company if the employee leaves before the date agreed on.[2] Golden handcuffs are frequently used for jobs that require rare and specialised skills or in a "tight labor market", where jobs are more common than workers. In any case, golden handcuffs are usually very expensive for the company and therefore they are not appreciated by shareholders and directors.[3]
en.wikipedia.org/…
A lot of insight in a phrase.
Update I: from oldsonofasailor in the comments:
Former Goldman Sachs partner Peter Kiernan is quoted by Bloomberg referring to the speaking fees paid to Hillary Clinton as “Hillary’s Goldman handcuffs.”
politicalwire.com/...
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