That is what is normally called either a "Golden Parachute" or a "Poison Pill". Management at large firms do it all the time, especially if they suspect that th

That is what is normally called either a "Golden Parachute" or a "Poison Pill". Management at large firms do it all the time, especially if they suspect that their firm is about to be acquired. While they still control the company, they write themselves contracts with fat, juicy termination clauses. Then, when their company gets taken over, they get huge money if they are fired. It works out well for them either way - the new owners either keep them or give them a hell of a lot of money.