Which of the following actions does not help managers defend against a hostile t

Question

Which of the following actions does not help managers defend against a hostile takeover?



a)Establishing a poison pill provision.

b)Granting lucrative golden parachutes to senior managers.

c)Establishing a super-majority provision in the company's bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%.

d)Retiring long-term debt early to reduce total debt on the balance sheet which will increase the firm's financial position.

e)Finding a "white squire" that will buy enough of the target firm's shares to block the hostile takeover.

**please state reason for your choice, thanks!**

Explanation / Answer

The answer is D simply because the other answers are all valid answers. Hope this helps

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