vulture capitalist


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Vulture Capitalist

1. An investor who buys companies in or near bankruptcy in order to save them.

2. An investor who buys the rights to a new product or invention in order to profit from its sale. The term is somewhat derogatory as vulture capitalists deprive inventors of the money they would make otherwise. However, vulture capitalists may be in a better position to market these new products than the inventors themselves. See also: Vulture fund, Venture capital.

vulture capitalist

(1) A person or firm who accumulates cash and commitments for cash in order to take advantage of an anticipated temporary plunge in real estate values.At the proper time,the vulture capitalist will buy virtually every distressed property it can acquire,to resell when the market returns. (2) A derogatory term applied to venture capitalists, some of whom have a reputation of investing in a business in the hopes it will fail, at which point the venture capitalist takes over the assets and liquidates them at a profit.

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He and his vulture capitalist buddies will harvest companies and off-shore jobs (lay off workers).
And this flogging off of public assets to vulture capitalists and restricting public services increasingly to those rich enough to pay has hit the north east harder than most regions.
They bravely fought off the international loan sharks, faced down the vulture capitalists and refused to be swamped by waves of emigration.
Sometimes we get called vulture capitalists and that is all very entertaining, but the reality is, if you are going to take our money we have to have equity in your company," he says.
The company limped along for a while until it was taken over by a second coterie of vulture capitalists and even more debt was added.
They decided that they were not going to agree to another round of outrageous wage and benefit cuts and give up their pension only to see yet another management team fail and Wall Street vulture capitalists and "restructuring specialists" walk away with untold millions of dollars.
Near the end of his book, in a chapter titled "Hollow Men" Pitts tackles the issue of foreign ownership and how the rampaging Yankee vulture capitalists may sink the Canadian dream.