Hunting Elephants

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Hunting Elephants

The act or practice in which an investment banker convinces a client to buy a security beneficial to the investment bank's portfolio, whether or not it is beneficial to the client. The term does not imply illegality; that is, one generally can make the argument that the security benefits the client. However, the investment banker encourages his/her client to buy it primarily because of how it benefits the bank.
References in periodicals archive ?
Indeed, rural Africans have traditionally hunted elephants and other game.
Until recently, Maasai men hunted elephants that killed people or their livestock.