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Greenmail Essay Topics & Paper Examples

Greenmail & firing employees

The term is a greenmail is formed by combining the terms greenback and blackmail, invented by journalists and commentators who saw the practices of corporate raiders as a form of blackmail. The target company is financially held hostage, and is legally forced to pay the greenmailer to go away. Greenmailing is a variation on the corporate raid or hostile takeover. The greenmailer commonly targets a publicly traded company that is cash rich but often undervalued, with large assets and possibly a solid customer base. Other targets are companies that are simply inefficient. The greenmailer isn’t really interested in the business of the company. It doesn’t want to own the company, improve it, or further build it up. It will, if…