A golden parachute is an anti-takeover defense strategy. It is in shape of contracts that require the target company’s top executives to be generously compensated by the acquirer if the company is taken over. Since the top management is at the highest levels of theirs careers, a golden parachute allows them a safe exit or in other words a safety measure that can alter the decisions of the acquirers.
The extensive settlements commonly include high cash payments, high incentives, and equities. All these payments act as a barrier for acquirers to accomplish unfriendly takeovers.
Philcon Corporation (P.O. Box 4563, Anchorage,
A golden parachute is a part of a manager’s compensation package that
Scott Harvard was a senior executive officer of Hampton Roads Bank shares
What conditions cause the golden parachute arrangement to be penalized?
Robin, an executive, receives a golden parachute payment of $
What conditions cause the golden parachute rules to apply?
