asset-stripping


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asset-stripping

Commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal
References in periodicals archive ?
Not that I think anybody is deliberately asset-stripping, but I think the range of vacancies on the North Manchester site, particularly among nurses and consultants.
This is asset-stripping GPs to help pay for the overspending by health boards.
No consortium that I have ever fronted has ever been involved in asset-stripping and I'm not about to start now," said Neville.
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.
Any suggestion the consortium is looking at this acquisition as an asset-stripping exercise is completely untrue, so much so we can make a commitment now that, if we are successful in buying the club, Leeds United's future is, and always will be, at Elland Road.
About the only kind of economic activity Wall Street has financed in the 1980s has been asset-stripping and leveraged buyouts.
They even drove them to bankruptcy for asset-stripping, with shadowy off-balance-sheet offshoots of the bank, known as West Register and Strategic Investment Group, often feasting on damaged firms' carcasses.
Asset-stripping happens when public assets are sold to benefit private pockets.
asset-stripping is worrying, but more worrying is that people are able to get into the building.
Replacing three schools, a leisure centre and recreational fields with one school with some leisure facilities (with limited access for the community) and some plots of land dotted around the area isn't investment, it's an asset-stripping exercise.
The story of local government during the past couple of decades has often been one of thinly disguised asset-stripping in order to balance the books.
The funding immediately came under fire from trade unions, who have been running a high-profile campaign against allegedly bad practices by private equity firms, including asset-stripping.