People pill

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People pill

A form of poison pill providing that the entire management threatens to resign in the event of a takeover.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

People Pill

An antitakeover measure in which the entire management of the target company agrees and publicly states that it will resign collectively if the company is taken over. A people pill, if enacted, would make the takeover more difficult and costly for the acquiring company, and therefore intends to scare away potential hostile bidders. It is a form of a poison pill.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Mitchell might actually engage in these other behaviors--golden parachutes, greenmail, supermajority amendments, poison pills, people pills, lock-ups, scorched earth, and leveraged buyouts?
Mitchell coins--a bit late--the term "people pill" to refer to this strategy.
Companies have actually threatened that, if taken over, the entire contingent of upper management will quit at once (referred to as a "people pill").
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