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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
Or he could play the greenmailer, persuading Chrysler management to offer him a premium on his shares as an incentive to go away.
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
