Which of the Following Is True About a Golden Parachute

Which of the following is true about a golden parachute?

A) It refers to the potential defenses against a hostile takeover attempt.
B) It refers to an unsolicited takeover attempt.
C) It refers to a takeover target firm's management repurchasing large blocks of stocks at a premium to avoid a potential takeover.
D) It refers to a takeover target firm selling additional stock to existing shareholders, increasing the shares needed for a viable takeover.
E) It refers to a lucrative financial settlement given to exiting executives of a taken-over firm.