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asset-stripping
(redirected from asset-stripper)

   Also found in: Dictionary/thesaurus 0.01 sec.
asset-stripping
Commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal


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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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