Definition People Pill. Description.
A People Pill is an anti-takeover mechanism whereby the entire
existing management team of the target company threatens to resign en block
in the event of a successful hostile takeover, thereby leaving the company
without experienced leadership.
If the management team is running the company well, this mechanism
will harm the target company if the takeover is successful. However, takeovers
are often initiated as a result of poor management. This mechanism is ineffective
in this situation.
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Forum - People Pill
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Best Practices - People Pill
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Compare with:
Anti Hostile Takeover
Mechanisms | Killer
Bees | White Knight
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Special Interest Group Leader
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