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Though portrayed as a reckless greenmailer, Mr. Pickens earned almost $900 million for himself and his allies by selling their shares in the three companies in the aftermath of the takeover bids.
From New York Times ● Sep. 11, 2019
Many critics have labeled Pickens a greenmailer, a charge he hotly denies.
From Time Magazine Archive
Pickens denies being a greenmailer, saying that he made a sincere bid to take over Phillips and that all company shareholders will benefit from his actions because the value of their stock will rise.
From Time Magazine Archive
That kind of scorched-earth policy may save the jobs of top management, but it does not help investors, who see the greenmailer make a huge profit while their shares decline in value.
From Time Magazine Archive
If they did not like the existing management, they could vote down the repurchase and give the greenmailer a chance to take over the company.
From Time Magazine Archive
