Netflix adopted a poison pill (http://money.cnn.com/2012/11/05/technology/netflix-poison-pill/ http://money.cnn.com/2012/11/05/technology/netflix-poison-pi... -

Netflix adopted a poison pill (http://money.cnn.com/2012/11/05/technology/netflix-poison-pill/ http://money.cnn.com/2012/11/05/technology/netflix-poison-pi... - more professionally labeled a shareholder rights plan) to prevent Icahn from getting too crazy; he was basically threatening to make Netflix acquisition-bait. Icahn recently sold off his Netflix stake, but managed to make a ridiculous amount of money as the company saw some solid growth while he held a position.