(In fact... it did work.)
This was the response of the five (independent) Directors of Affiliated Computer Services Inc. to ACS lawyers who had demanded the immediate resignations on behalf of company management.
"One of the most serious allegations ACS leveled against the independent directors is that they gave a competitor access to company secrets during discussions with Unisys, according to people close to ACS." (more)
Moral: Take your information security seriously.