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asset stripping |
Also found in: Financial, Encyclopedia, Wikipedia | 0.01 sec. |
asset strippingSale or exploitation by other means of the assets of a business, often one that has been taken over for that very purpose. The parts of the business may be potentially more efficiently used and more valuable separately than together. 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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| Thus they persist in asset stripping, moving capital abroad, and tax evasion, although such practices yield terrible economic consequences for the country as a whole. Resources are squandered in this process of asset stripping, and the public soon loses patience with such "pirate capitalism. The Union stated that Grupo Mexico's asset stripping and poor management of Asarco set the stage for the bankruptcy filing. |
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