I raise another worry that has come to me, which is the reverse. If a public or private company is in danger of takeover, one very good way to prevent that is to introduce a poison pill. The quick way to do it is usually through a very generous pension scheme, or a pay-off scheme for your senior staff. If I were a threatened institution, I might be tempted to consider either of those. It is a hard life, but do we have any means of dealing with threatened institutions which introduce financial measures which will make it much more difficult if they need to be closed or otherwise dealt with?
Technical and Further Education Bill
Proceeding contribution from
Baroness Cohen of Pimlico
(Labour)
in the House of Lords on Wednesday, 1 March 2017.
It occurred during Debate on bills
and
Committee proceeding on Technical and Further Education Bill.
Type
Proceeding contribution
Reference
779 c234GC 
Session
2016-17
Chamber / Committee
House of Lords Grand Committee
Subjects
Librarians' tools
Timestamp
2021-10-12 15:02:51 +0100
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