Converium is currently the target of an unfriendly take over by Scor. So I was astonished to read that the management of Converium gets golden parachutes if Scor is successful (from IntesaTrade):

Converium’s belligerent mood was apparent in recently amended management and board contracts which would give Chief Executive Inga Beale a “golden parachute” worth CHF 1.95 million if the Scor bid succeeds. Other board and management members will receive compensation packages worth between CHF 700,000 to CHF 1.1 million on top of their normal wages.

It’s strange, the management gets rewarded if the opponent company is successful with the unfriendly take over. Where is here the motivation to fight against this unfriendly take over? And what’s the value the management provides for those compensation packages?