15:28
@MiG it's the colloquial term for employee retention schemes where you get rewards for staying with the company
for example, every year you get some stock that will only vest (= actually become yours) if you're still working with that company by a future date
e.g. in 2022 I got the stock I was promised in 2019, 2020 and 2021 for still being in the company
in other words, if I were to quit now I'd forfeit some of the stock I was promised in 2020, most of the stock I was promised in 2021, all of the stock that was promised in 2022
the idea being you're like "damn that would be turning my back on a lot of money"
hence the name, golden handcuffs