Benefits are additional financial perks that are frequently offered to top employees in many firms c. golden parachutes.
The required details about golden parachutes are mentioned in the below paragraph.
A golden parachute involves significant benefits granted to top executives in the event that the business is acquired by another company and the executives are fired as a result of the merger or takeover. Golden parachutes, sometimes known as poison pills, are agreements with key executives that can be utilized as a type of anti-takeover defence by a corporation to thwart an unwanted takeover effort. Stock options, coin bonuses, and substantial severance pay are examples of additional benefits.
Golden parachutes are therefore named as such due to the fact they may be meant to offer a gentle touchdown for personnel of sure degrees who lose their jobs.
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