The Term "Golden Parachute" Refers to

question 16

Multiple Choice

The term "golden parachute" refers to

• A) a clause requiring that huge dividend payments be made upon takeover.
• B) financial inducements offered by a threatened firm to stop a hostile suitor from acquiring it.
• C) managers of a firm involved in a hostile takeover approaching a third party about making the acquisition.
• D) pay given to executives fired because of a takeover.

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