Large golden chutes for senior managers are often used to discourage hostile takeovers. I don't know if there's ever been one offered in delcath's past history, but it's highly possible that this "particular" severance package was actually just meant to serve simply as a deterrent and a "ruse". Crap, she may have penned it herself. Nevertheless, whether this company is legit or not, there's way too much pertinent info being withheld from shareholders.