Ambrose Bierce, the CEO of DictionAry, has been paid a lump sum amounting to 3 years' salary because DictionAry has been bought in a hostile takeover by its main competitor. Ambrose received:

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A golden parachute is a compensation package given to top executives in case the company is acquired or merged with another company. It typically includes a lump sum payment of several years' salary and benefits. This scenario describes Ambrose receiving a lump sum payment after the company was acquired, which fits the definition of a golden parachute. Poison pills, greenmail, and silver handshakes are different types of defenses against hostile takeovers and are not relevant in this situation.

Ambrose Bierce, the CEO of DictionAry, Has Been Paid a Lump