Which of the following statements about equity financing is most correct?
A poison pill is a provision in the corporate charter that allows removal of current management.
A proxy is the statement that accompanies a dividend payment.
A proxy fight occurs when an outside group solicits shareholder proxies in an attempt to gain control of the business.
A spin-off occurs when the CEO of one company is hired by a competing company.
In a dividend reinvestment plan (DRIP), a corporation withholds dividends paid to senior managers.