Greenmailer | Article about greenmailer by The Free Dictionary
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Related to greenmailer: poison pill
greenmail, payment, by a corporation that is a takeover target, of a premium price for the shares of its stock that have been accumulated by the potential buyer. In exchange, the potential buyer stops the takeover bid.
When companies threaten to close or relocate (often to another country) if they are forced to comply with environmental laws.
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Vice Chancellor Strine says that these are the people with the real commitment to the long-term health of the corporation, and the people who really embody the principal-agent problem are all the governance intermediaries--the proxy firms, the business press, governance academics, the money managers, and particularly the short-term types who are really just greenmailers