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asset stripping |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.03 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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| But the workforce of 120 wanted to keep the ownership local, to avoid the risk of asset-stripping by an outside company or subsequent closure. Rather than providing incentives for wealth creation, privatization provided incentives for asset-stripping, with huge movements of capital abroad--$2 billion to $3 billion a month. Such an attempt would certainly be disastrous for those at the forefront of these organizations who hope to get rich quick through asset-stripping and arbitrage on a grand scale. |
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