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

Itzel

Business

14 April, 12:26

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.

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Answers (1)

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Brogan Christensen · Answer 1

The Titanic executives may not be worried about their impending job loss if they: have golden parachutes.

The golden parachutes

Explanation:

As the name suggests a Golden Parachute is an aid given to the employees at the time of emergency which in this case will be sudden termination of their employment.

Therefore, golden parachute is considered as an agreement which says that at the time of termination from employment the employee will receive several benefits.

Which can be anything that the employer wants. It could be bonus, severance pay, stocks etc. Therefore, in this question the executives are not worries because they have golden parachutes.