Following the notion of a board of directors providing "carrots" and "sticks" for a firm's management, which of the following would be considered a "stick"?

Question

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CEO dismissal can be considered a "stick" as it is a form of punishment or consequence for poor performance or unethical behavior by the management. Pay for performance and stock options are considered "carrots" as they incentivize good performance. Golden parachutes, on the other hand, can be both a "carrot" and a "stick" depending on how they are structured.

Following the Notion of a Board of Directors Providing "Carrots