Support an argument supporting the pros and cons of leadership who strategically merge to form conglomerates, and provide your logic whether this strategy ultimately favors the investor. Please keep in mind each company has an executive team prior to a merger, only one CEO remains after most mergers. To induce the departing CEO to go through with the merger, a large "golden parachute" may be provided. Do you think this arrangement is ethical and supports the agency theory? Please support your argument with at least one cited case (journal article) where the CEO received a substantial arrangement to depart the company.