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asset-stripping |
Also found in: Encyclopedia | 0.04 sec. |
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asset-stripping n
(Business / Commerce) Commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal asset-stripper n Translations asset-stripping n → Asset-Stripping nt, Aufkauf von finanziell gefährdeten Firmen und anschließender Verkauf ihrer Vermögenswerte How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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To critics he is a ruthless asset-stripper with neither the attitude nor the experience to manage a local government organisation. What with a change of management--Mr Reg Walkinshaw, who had been in charge for twenty years, was judged "far too book-oriented" to oversee the transition to information technology and replaced as municipal librarian by stockbroker, asset-stripper and contributor to Liberal Party funds Mr Kerry Toomey--forced redundancies for staff and the collapse of the library's new computer system a week after installation, Kokoda Park simply disappeared from the "system". GPG first invested in Newbury 13 years ago, and so hardly fits the model of a short-termist asset-stripper. |
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