On the other hand, hostile takeovers often result in the management being fired anyway, so the effectiveness of a people pill defense really depends on the situation. (Investopedia)

Borden chief executive Romeo J. Ventres, calling the defense a "people pill," in contrast to the widely used "poison pills," said that any bidder who tries to take over Borden at a low-ball price would face an executive suite exodus that could cripple the firm overnight. (Los Angeles Times)

Now the managers at Borden, the food and consumer-products giant, have created a novel repellent they call a "people pill." (Time)