When You Have to Write a Memo Firing Someone, Offer

question 23

True/False

When you have to write a memo firing someone, offer a face-saving reason unrelated to the person's poor performance to protect your employee's ego.

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Definitions:

Greenmail

A strategy where a company pays a premium to buy back its own stock from a corporate raider to prevent a hostile takeover.

Legal Device

A legal tool or method used to meet a requirement, enforce a right, or manage a legal process.

Hostile Takeover

A situation where a company is acquired by another company without the consent of the former company's management.

Poison Pill

A strategy used by companies to prevent or discourage hostile takeovers by making the company less attractive to the potential acquirer.