People pill(redirected from People Pills)
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.
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.
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