Golden parachutes protect managers from the negative consequences of over diversifying a firm.

Name: Golden parachutes protect managers from the negative consequences of over diversifying a firm.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Golden parachutes are agreements that provide executives with significant benefits if they lose their job due to a merger or takeover, potentially reducing their personal risk and incentivizing them to make decisions like over-diversification without fear of personal financial loss.

Golden Parachutes Protect Managers from the Negative Consequences of Over