asset stripping
/ˈasɛt ˌstrɪpɪŋ
/noun [mass noun]
The practice of taking over a company in financial difficulties and selling each of its assets separately at a profit without regard for the company’s future.When working on controversial buy-outs, they have been accused of asset stripping and looking to make a fast buck without caring about the future of employees....
- Unlike employees of a large enterprise, employees/owners of a small enterprise are less likely to rely upon profit reserves and asset stripping for the immediate improvement of their living conditions.
- Out there in the world of university money and politics we are witnessing thinking and planning that involves sly manoeuvring, takeover bids, and asset stripping.
Derivatives
asset stripper
/ noun ...- Something may yet be retrieved once the asset strippers have done their worst - a management buy-out is one possibility.
- If it were judged purely on a commercial basis the return on capital would stimulate the interest of every asset stripper in town.
- Many other football clubs still face extinction because of the actions of asset strippers.
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