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Definition 2024
whitemail
whitemail
English
Noun
whitemail (plural whitemails)
- (business) A tactic to resist hostile takeover, in which the target company sells discounted stock to a friendly third party
- 1991, Michael T. Jacobs, Short-term America: The Causes and Cures of Our Business Myopia, ISBN 087584300X, page 92:
- Whitemail, which also appears unfair to some, may enhance shareholder value if the outside investor is able to influence management in a more positive way than other shareholders could.
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- Persuasion based on positive rather than negative effects
- 2000, Gore Vidal, The Golden Age, ISBN 0385500750, page 432:
- Certainly FDR was a master of his own kind of whitemail and practiced it on the likes of Harry Hopkins.
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See also
Verb
whitemail (third-person singular simple present whitemails, present participle whitemailing, simple past and past participle whitemailed)
- To persuade
- 2000, January 2, “Howard Manly”, in Tuning in Memories: Channel Surfing Comes With a Hefty Price Tag:
- Major League Baseball whitemailed ESPN into paying a lot more, and the only thing we can be assured of is that the same old products and announcers will come in clearer in 2000 thanks to digital technology.
- 2000, Gore Vidal, The Golden Age, ISBN 0385500750, page 432:
- The ability to whitemail an emotional older man like my father into falling in love with him so that he would help him rise.
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- (ironic) To blackmail a dark-skinned person