In defending against hostile takeover attempts, a company will include provisions in the employment contracts of key executives that provide them with sizable compensation if the firm is taken over. This is called the _________ strategy.
A. shark repellent
B. white knight
C. greenmail
D. golden parachute
Answer:D
In defending against hostile takeover attempts, a company will include provisions in the employment contracts of key executives that provide them with sizable compensation if the firm is taken over. This is called the _________ strategy.
A. shark repellent B. white knight C. greenmail D. golden parachute