entrench \en*trench"\, v. t. 1. (Mil.) To surround with a trench or with intrenchments, as in fortification; to fortify with a ditch and parapet. Same as {intrench}.
2. to establish in a position from which dislodgement is difficult; to place firmly in a strong position. [PJC]
3. To cut in; to furrow; to make trenches in or upon.
Syn: intrench. ※
Many institutional holders argue that pills entrench management and deter gains.
In the proxy statement, Laurentian said, among other things, that the measure would give the board "unilateral control" over two-thirds of North American National common stock and would "firmly entrench current management."
Temple, however, harshly criticized Sea Containers' plan yesterday, characterizing it as a "highly conditional device designed to entrench management, confuse shareholders and prevent them from accepting our superior cash offer."
The pilots' lawsuit alleges that the provisions, called "protective covenants," are part of an illegal campaign by United directors to "entrench themselves in office at the expense of Allegis shareholders," the union stated.
Separately, Supermarkets General and certain executives were sued in state court in Delaware by a shareholder, Stanley D. Bernstein, who contends they illegally tried to thwart takeover offers and entrench themselves.
The law received support from a number of business and labor groups in Massachusetts but has been attacked by some investors and securities specialists as an effort to entrench corporate managers.
In addition, Mr. Icahn, the investor who owns 12.3% of the shares, is attacking Texaco's reorganization proposal as a plan that would entrench management by preserving the company's battery of takeover defenses.
Both RJR Macdonald and Rothmans have said the law would help entrench Imperial as the No. 1 tobacco company.
If BCCI could so entrench itself in the U.S., Latin American investigators are aghast at the thought of its influence in the highest echelons of political and financial power in Latin America, where legal standards are far less demanding.
In its suits, CRI charged that the managment contract changes "entrench" the general partners.
But anti-apartheid groups have made clear they reject the election as an attempt to entrench a segregated political system.
It called the election an "insidious maneuver by the racist minority regime of South Africa" that will "entrench white minority rule" and cause more conflict.
By exchanging the new, Class B stock for existing, Class A shares, companies could entrench current ownership while being able to issue full-value shares to finance acquisitions.
As state anti-takeover laws, poison pills, and now dual-voting proposals all threaten to entrench corporate managements, shareholders must depend more directly on the proxy machinery to make managers accountable.
And international aid packages mostly entrench and enrich the bureaucracy.
He also said USG's refusal to negotiate with Desert Partners indicates that management is trying to entrench itself.
"This isn't an effort to entrench management.
He noted that Texaco sought a "standstill" agreement "to entrench themselves."
Anti-apartheid activists have rejected all the government's major political reform proposals in recent years, saying they entrench white domination and continue to divide political participation by race.