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

Question

Quizplus · Accepted Answer

Golden parachutes are compensation packages that provide benefits to a company's top executives in the event of a takeover or change in ownership. These benefits may include large payouts, stock options, and other forms of compensation. The purpose of golden parachutes is to provide executives with financial security and incentives to stay with the company during a time of uncertainty and change. Therefore, choice A) is the best answer. Choices B), C), D), and E) are not relevant to the question of compensation packages paid to top managers during a takeover.

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