What is the business strategy involving a defensive tactic against a hostile takeover where severance packages involving enormous sums are approved by the Board of Directors to be paid to senior managers in the event of dismissal because of a takeover known as?

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This business strategy is known as a golden parachute. The Board of Directors approves severance packages for senior managers that include substantial financial benefits if the company is taken over, with the intention of deterring a hostile takeover bid.

What Is the Business Strategy Involving a Defensive Tactic Against