Define: Jonestown Defense

UK Accounting Glossary

Definition: Jonestown Defense



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Full Definition of Jonestown Defense


Jonestown defense refers to an extreme defensive tactic used by a company desperately avoiding a hostile takeover. The management of the target corporation will employ the Jonestown defense though strategies that are so extreme, they may even result in the destruction of the target company. A company employing the Jonestown defense is so concerned with the effect of a hostile takeover, it would rather destroy itself than risk the takeover. Since the management is well aware of the potentially devastating risks associated with a Jonestown defense, the Jonestown defense is often referred to as a “suicide pill.” The term “Jonestown defense” refers to the 1978 Jonestown massacre in Guyana where a religious cult – 913 people – committed mass suicide.


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Definition Sources


Definitions for Jonestown Defense are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February 2020.