Contract devices explicitly designed to thwart a hostile takeover atte

Contract devices explicitly designed to thwart a hostile takeover attempt are called poison pills or shark repellents. Examples include all of the following EXCEPT:

a. a shareholder rights plan that can be issued as dividends at management’s discretion.
b. an event-triggered put provision in one of the firm’s debt contracts.
c. a provision in the firm’s charter that gives incumbent management their positions for life.

ANSWER

C