Generous compensation packages paid to a firm's top management in the event of a takeover are referred to as:

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Generous compensation packages paid to a firm's top management in the event of a takeover are referred to as golden parachutes. Poison puts refer to provisions in bonds that allow bondholders to demand early repayment if the company undergoes a change in ownership. White knights are friendly bidders who emerge to counter a hostile takeover. Shark repellents refer to tactics used by a target company to make itself less attractive to the acquirer. Bear hugs refer to offers made to the target company that are difficult to refuse.

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