Which of the following is incorrect regarding takeover defenses?

Group of answer choices

(a) Staggered/classified boards make it harder for a bidder to replace the target firms board of directors.

(b) Poison pills limit the bidders voting rights in the target company when a certain threshold ownership is met.

(c) Golden parachutes are required payments to the target firms current top executives who may lose their jobs in the case of a takeover.

(d) A white knight is a target-friendly company that can make a second bid for the target company.

(e) A white squire is a third party that can purchase only a negligible block of shares in the target firm in order to frustrate a hostile takeover attempt.