Definition from Wiktionary, the free dictionary
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.
- Persuasion based on positive rather than negative effects
- 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.
- (ironic) To blackmail a dark-skinned person
1973, January 1, Avenging "Whitemail":
- Sweating heavily under the hot lights, he started off with a diatribe against British policy toward Uganda, especially London's recent decision to cancel a $24 million aid program, which Amin dismissed as "whitemailing."