Golden parachutes are property rights generally given to the ________.
A) managers
B) suppliers
C) shareholders
D) customers

Question

Quizplus · Accepted Answer

Golden parachutes are usually contractual agreements granted to top level executives/managers of a company in case of a merger or acquisition. These agreements ensure that the executives receive a lucrative payout or benefits package if they are terminated or displaced due to the restructuring of the company. Shareholders, suppliers, and customers are not typically granted golden parachutes.

Golden Parachutes Are Property Rights Generally Given to the ________