Which of the following is incorrect regarding takeover defenses? O (a) Staggered/classified boards make it harder for a bidder to replace the target firm's board of directors. O (b) Poison pills increase the bidder's voting rights in the target company when a certain threshold ownership is met. O (c) Golden parachutes are required payments to the target firm's current top executives who may lose their jobs in the case of a takeover. O (d) A white knight is a target-friendly company that can make a second bid for the target company. O (e) A white squire is a third party that can purchase a significant block of shares in the target firm in order to frustrate a hostile takeover attempt