People Pill

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defensive tactic to ward off a hostile takeover. Management threatens that, in the event of a successful takeover, the entire management team will resign at once, leaving the company without experienced leadership. This is a version of the Poison Pill defense.

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A defensive strategy to ward off a hostile takeover. Management threatens that, in the event of a takeover, the entire management team will resign.

Investopedia Says:
This is a variation of the poison pill defense.

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Poison Pill (finance term)
Takeover (finance term)
The Living Eye (2006 Album by The Men from S.P.E.C.T.R.E.)
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