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by Test0129
1324 days ago
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Vulture capitalism refers to a very specific practice. It's also known as LBO (leveraged buy out) or asset stripping. In particular, vulture capitalists prey on distressed firms in need of cash, engage in a takeover, and proceed to gut the company. This is not the same as referring to all capitalists as vultures. Vulture capitalists are a very specific subset of people engaged in a very specific, usually highly dishonest, business. Whether or not capitalists are vultures in general is just like, your opinion, man. |
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