|
Jonestown Defense
The Jonestown defense is an extreme corporation defense against hostile takeovers. In this strategy, the target firm engages in tactics that might threaten the firm’s existence to thwart an imposing acquirer’s bids. This is also known as a "suicide pill", and is an extreme version of the poison pill. The term refers to the 1978 Jonestown mass suicide in Guyana, where Jim Jones led the members of the Peoples Temple to kill themselves. Jonestown Defense maneuvers are usually more extreme versions of existing tactics; share buybacks (which increase stock prices and decrease public equity at the cost of cash or debt financing), Crown Jewel maneuvers (selling off attractive assets at a discount to anyone except the acquirer) and similar. The main difference is that they are done to such an extreme that they threaten the company's livelihood. Companies attempting such maneuvers may thus find themselves insolvent, and in a position where they cannot resist continued takeover bids. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recommend ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company (law)
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suicide Pill
A suicide pill (also known as the cyanide pill, kill-pill, lethal pill, death-pill, or L-pill) is a pill, capsule, ampoule, or tablet containing a fatally poisonous substance that a person ingests deliberately in order to achieve death quickly through suicide. Military and espionage organizations have provided their agents in danger of being captured by the enemy with suicide pills and devices which can be used in order to avoid an imminent and far more unpleasant death (such as through torture), or to ensure that they cannot be interrogated and forced to disclose secret information. As a result, lethal pills have important psychological value to persons carrying out missions with a high risk of capture and interrogation. The term "poison pill" is also used colloquially for a policy or legal action set up by an institution that has fatal or highly unpleasant consequences for that institution if a certain event occurs. Examples are the poison pill shareholders rights amendments i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder Rights Plan
A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover. In the field of mergers and acquisitions, shareholder rights plans were devised in the early 1980s as a way to prevent takeover bids by taking away a shareholder's right to negotiate a price for the sale of shares directly. Typically, such a plan gives shareholders the right to buy more shares at a discount if one shareholder buys a certain percentage or more of the company's shares. The plan could be triggered, for instance, if any one shareholder buys 20% of the company's shares, at which point every shareholder (except the one who possesses 20%) will have the right to buy a new issue of shares at a discount. If all other shareholders are able to buy more shares at a discount, such purchases would dilute the bidder's interest, and the cost of the bid would rise substantially. Knowing that such a plan could be activated, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jonestown
The Peoples Temple Agricultural Project, better known by its informal name "Jonestown", was a remote settlement in Guyana established by the Peoples Temple, a U.S.–based cult under the leadership of Jim Jones. Jonestown became internationally infamous when, on November 18, 1978, a total of 909 people died at the settlement, at the nearby airstrip in Port Kaituma, and at a Temple-run building in Georgetown, Guyana's capital city. The name of the settlement became synonymous with the incidents at those locations. In total, 918 individuals died in Jonestown, all but two from apparent cyanide poisoning, a significant number of whom were injected against their will, in an event termed "revolutionary suicide" by Jones and some Peoples Temple members on an audio tape of the event, and in prior recorded discussions. The poisonings in Jonestown followed the murder of five others by Temple members at Port Kaituma, including Congressman Leo Ryan, an act that Jones ordered. Four other T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass Suicide
Mass suicide is a form of suicide, occurring when a group of people simultaneously kill themselves. Overview Mass suicide sometimes occurs in religious settings. In war, defeated groups may resort to mass suicide rather than being captured. Suicide pacts are a form of mass suicide that are sometimes planned or carried out by small groups of depressed or hopeless people. Mass suicides have been used as a form of political protest. Attitudes towards mass suicide change according to place and circumstance. People who resort to mass suicide rather than submit to what they consider intolerable oppression sometimes become the focus of a heroic myth. Such mass suicides might also win the grudging respect of the victors. On the other hand, the act of people resorting to mass suicide without being threatened – especially, when driven to this step by a charismatic religious leader, for reasons which often seem obscure – tends to be regarded far more negatively. Historical mass suic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guyana
Guyana ( or ), officially the Cooperative Republic of Guyana, is a country on the northern mainland of South America. Guyana is an indigenous word which means "Land of Many Waters". The capital city is Georgetown. Guyana is bordered by the Atlantic Ocean to the north, Brazil to the south and southwest, Venezuela to the west, and Suriname to the east. With , Guyana is the third-smallest sovereign state by area in mainland South America after Uruguay and Suriname, and is the second-least populous sovereign state in South America after Suriname; it is also one of the least densely populated countries on Earth. It has a wide variety of natural habitats and very high biodiversity. The region known as "the Guianas" consists of the large shield landmass north of the Amazon River and east of the Orinoco River known as the "land of many waters". Nine indigenous tribes reside in Guyana: the Wai Wai, Macushi, Patamona, Lokono, Kalina, Wapishana, Pemon, Akawaio and Warao. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim Jones
James Warren Jones (May 13, 1931 – November 18, 1978) was an American preacher, political activist and mass murderer. He led the Peoples Temple, a new religious movement, between 1955 and 1978. In what he called "revolutionary suicide", Jones and the members of his inner circle orchestrated a mass murder–suicide in his remote jungle commune at Jonestown, Guyana, on November 18, 1978. Jones and the events which occurred at Jonestown have had a defining influence on society's perception of cults. As a child, Jones developed an affinity for Pentecostalism and a desire to preach. He was ordained as a Christian minister in the Independent Assemblies of God, attracting his first group of followers while participating in the Pentecostal Latter Rain movement and the Healing Revival during the 1950s. Jones's initial popularity arose from his joint campaign appearances with the movements' prominent leaders, William Branham and Joseph Mattsson-Boze, and their endorsement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peoples Temple
The Peoples Temple of the Disciples of Christ, originally Peoples Temple Full Gospel Church and commonly shortened to Peoples Temple, was an American new religious organization which existed between 1954 and 1978. Founded in Indianapolis, Indiana by Reverend Jim Jones, the Peoples Temple spread a message that combined elements of Christianity with communist and socialist ideology, with an emphasis on racial equality. After Jones moved the group to California in the 1960s and established several locations throughout the state, including its headquarters in San Francisco, the Temple forged ties with many left-wing political figures and claimed to have 20,000 members (though 3,000–5,000 is more likely). The Temple is best known for the events of November 18, 1978, in Guyana, when 909 people died in a mass suicide and mass murder at its remote settlement, named "Jonestown", as well as the murders of U.S. Congressman Leo Ryan and members of his visiting delegation at the nearby P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Share Repurchase
Share repurchase, also known as share buyback or stock buyback, is the re-acquisition by a company of its own shares. It represents an alternate and more flexible way (relative to dividends) of returning money to shareholders. When used in coordination with increased corporate leverage, buybacks can increase share prices. In most countries, a corporation can repurchase its own stock by distributing cash to existing shareholders in exchange for a fraction of the company's outstanding equity; that is, cash is exchanged for a reduction in the number of shares outstanding. The company either retires the repurchased shares or keeps them as treasury stock, available for re-issuance. Under U.S. corporate law, there are six primary methods of stock repurchase: open market, private negotiations, repurchase " put" rights, two variants of self-tender repurchase (a fixed price tender offer and a Dutch auction), and accelerate repurchases. More than 95% of the buyback programs worldwide are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brand Name
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Brand names are sometimes distinguished from Generic brand, generic or store brands. The practice of branding - in the original literal sense of marking by burning - is thought to have begun with the ancient Egyptians, who are known to have engaged in livestock branding as early as 2,700 BCE. Branding was used to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot branding iron. If a person stole any of the cattle, anyone else who saw the symbol could deduce the actual owner. The term has been extended to mean a strategic personality for a produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Suicide Pill")
2.jpg "Click for more on -> Jonestown")
.jpg "Click for more on -> Brand Name")