Generous compensation plans paid to a firm's top management in the event of a takeover are called ____________.

Question

Quizplus · Accepted Answer

Golden parachutes are compensation plans that provide key executives with significant benefits in the event that the company is taken over and their employment is terminated as a result. These benefits can include cash bonuses, stock options, or other lucrative perks designed to compensate the executives for the loss of their positions.

Generous Compensation Plans Paid to a Firm's Top Management in the Event