They could notsmell the putrid mud that covered the ninthwardof New Orleansafter Hurricane Katrina passed, or the stinkofsubprimemortgagesleachingtheir poison into the financialsystem.
The board of film rental firm Netflix has adopted a "poison pill" strategy to ward off a potential hostile takeover bid by activist investor Carl Icahn.
ABN's poison-pill approach of handing LaSalle over to BofA was a clear attempt to ward off the advances of the consortium, since RBS is keen to get its hands on the Chicago-based subsidiary.