In the 90s it was “selling it for parts” where the market value of the whole company was lower than the component parts, so buy it on the open market for a bargain, then slice and dice and profit.
These days, they’re squeezing the lemons for all they can get.
RememberTheApollo_@lemmy.world 1 week ago
The “corporate raider” existed before that, infamously thanks to people like Frank Lorenzo dismantling Eastern Airlines in the ‘80s or Icahn to TWA. The late ‘70s and early ‘80s were rife with corporate raiders.