During the 1990s, top executives of Titanic, Inc., followed a pattern of aggressive acquisitions and diversification.Now, Titanic is performing poorly and earning below average returns.Lusitania, a large conglomerate firm, is in the final stages of purchasing Titanic.Lusitania has announced that it will fire Titanic's current top executives.The Titanic executives may not be worried about their impending job loss if they:
A) plan to take poison pills.
B) have golden parachutes.
C) have silver handcuffs.
D) have ironclad contracts.

Question

Quizplus · Accepted Answer

Golden parachutes are agreements that provide executives with significant financial benefits if they lose their job due to a merger or acquisition, making them less worried about job loss.

During the 1990s, Top Executives of Titanic, Inc