[StillBored]

Do the terms asset stripping or corporate raider mean anything anymore?

In the 70's and 80's lots of todays big names made a fortune buying controlling shares of companies that had spent decades reducing their overheads buy buying (instead of leasing) their corp offices, factory machines, etc until the value of the real assets were greater than the stock value. Then all the assets were sold off, and leased back, with shorterm sweetheart deals that lasted just long enough for the raider to sell the resulting company to someone else (or simply in some cases shut it down).

Wall street has long sense stopped serving anyone but themselves. Its long past due for many of their activities to be made illegal.