Practice mode Basic of Economics

What is a large payment to a senior employee who is forced to retire or is dismissed after a takeover or similar event called?

Correct answer B. Golden handshake

Explanation

A golden handshake is a generous severance payment given to a senior executive who loses their position, often following a merger or takeover.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.