Scorched Earth Policy


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Scorched Earth Policy

An antitakeover measure in which a company sells many or all of its "good" or desirable assets and/or issues an extraordinary amount of debt. A scorched earth policy is designed to make the company less attractive to potential acquirers. The obvious disadvantage to a scorched earth policy is the possibility that, even if the company remains independent, it may have acquired so many liabilities that it may not be able to maintain its operations easily. See also: Poison pill, Suicide pill.
References in periodicals archive ?
John's mayor Andy Wells, a self-avowed anti-Confederate, considered it "Upper Canadian arrogance at its best." (3) Well-known Newfoundland historian Patrick O'Flaherty suggested that it was typical of Canada's attitude towards Newfoundland, and that Canada's "interest in the place was really only to defend Canada." (4) Over the next several days, letters and editorials appeared in several local and national newspapers either justifying Canada's "Scorched Earth Policy" or condemning it.
Through a scorched earth policy, Turkish forces gained the initiative.
Many Christians answer with a battle cry which calls for a scorched earth policy of all countries that harbor democracy's enemies.
Ramcharan charged the Sudanese government with adopting a scorched earth policy and condoning, if not committing, ''repeated war crimes and crimes against humanity.'' Apparently, senior Sudanese officials admitted in private that they ''recruited, uniformed, armed, supported and sponsored the militias.''
The Bush administration is gaining momentum in its rollback of environmental laws (see "Scorched Earth Policy," features, May/June 2001).
"I'm not talking about a scorched earth policy, but we have to get away from the idea that settlement is the goal.
In many people's minds, Wal-Mart's announcement was the launch of a scorched earth policy for any other supply chain tracking technology.
'The contractors operated a scorched earth policy leaving track-sides desolate,' said Mr McCabe.
Rios Montt has been accused of genocide because of his scorched earth policy against recalcitrant indigenous during the early 1980s and by most accounts should be locked away in a prison and not--as he is today--contemplating a return to the presidency in 2003.
Government's scorched earth policy clears villagers from lucrative lands
According to the report, oil is the primacy justification for the Sudanese government's scorched earth policy. And as the oil companies have asked for protection by government forces, they are implicated in the human rights violations.
The Turkish media issue fake condemnations of the "carelessly caused" forest fires in the west but remain completely silent on the far more sinister scorched earth policy in the southeast, which has left no stable ecosystem in the region.