An extremely lucrative severance package that is guaranteed to a firm's senior managers in the event that the firm is taken over and the managers are let go is called a:
A)golden parachute.
B)white knight.
C)poison pill.
D)classified board.

Question

Quizplus · Accepted Answer

A golden parachute is a compensation package offered to top executives of a company in the event of a takeover or merger, which typically includes benefits like significant cash bonuses, stock options, and other perks.

An Extremely Lucrative Severance Package That Is Guaranteed to a Firm's