[lotsofpulp]

>the selfish vulture capitalists are the outsiders who purchase a private company which has been successful for many years, then butcher it.

Sounds like the selfish vulture capitalists are the insiders who sell the company.

>X's best assets are sold off (the VC's get the money), X goes deeply into debt (again, the VC's get the money), many of the employees are laid off, and X generally goes bankrupt within 7 years - because what is left of it can't make the payments on the debt.

This doesn't make any sense, because X is the original asset. If part of X is sold, then the remaining portion of X loses value (assuming the sold part is the good part). If X is used as collateral, then it also loses value.