by T.Bags July 30, 2008
Get the Rectal Raider mug.(FINANCE) someone like Carl Icahn or Victor Posner; a manager of a PE fund or takeover vehicle (e.g., T. Boone Pickens with Mesa Petroleum) who organizes hostile takeovers of undervalued corporations.
WHY THEY'RE BAD
Corporate raiders insist they're looking out for the shareholder by forcing the managers to focus on increasing the value of the firm. If a company's share prices are high, it supposedly reflects well on the management of the firm; if the prices are low, the shareholders presumably would benefit from the takeover battle and subsequent change of management.
The flaw in this argument is (a) shareholders are not the only stakeholders in the corporation; workers, neighbors, and consumers also have interests that deserve protection; and (b), the impact of the corporate raider on FUTURE shareholders is inherently damaging over the long run because the targeted corporation's share prices are driven to a higher baseline anyway. After the takever battle between the raider and management, FUTURE buyers of the stock pay a higher price but are stuck with stagnant share prices because further increases don't make economic sense.
If the leveraged buyout succeeds, the company is saddled with debt in excess of its book value, which imposes an extreme burden; if it fails (greenmail), then company is still saddled with immense debt.
WHY THEY'RE BAD
Corporate raiders insist they're looking out for the shareholder by forcing the managers to focus on increasing the value of the firm. If a company's share prices are high, it supposedly reflects well on the management of the firm; if the prices are low, the shareholders presumably would benefit from the takeover battle and subsequent change of management.
The flaw in this argument is (a) shareholders are not the only stakeholders in the corporation; workers, neighbors, and consumers also have interests that deserve protection; and (b), the impact of the corporate raider on FUTURE shareholders is inherently damaging over the long run because the targeted corporation's share prices are driven to a higher baseline anyway. After the takever battle between the raider and management, FUTURE buyers of the stock pay a higher price but are stuck with stagnant share prices because further increases don't make economic sense.
If the leveraged buyout succeeds, the company is saddled with debt in excess of its book value, which imposes an extreme burden; if it fails (greenmail), then company is still saddled with immense debt.
Usually a corporate raider makes his killing by risking (and mostly losing) the money of other people.
He usually quotes Ayn Rand bromides about his adversaries being moochers and wreckers, but he destroys the livelihood of thousands, and he makes his fortune through ambush.
He usually quotes Ayn Rand bromides about his adversaries being moochers and wreckers, but he destroys the livelihood of thousands, and he makes his fortune through ambush.
by Sorry, the good guys lost September 4, 2010
Get the corporate raider mug.Related Words
A cult favourite flavor of the famous energy drink Gatorade that has a light, fruity taste and a pale purple color. It's one of the brand's lesser known flavours and it's still available in certain places under the name Frost Rain Berry.
Basically, it's just something rare to find.
Basically, it's just something rare to find.
by Poseidonn October 18, 2020
Get the rainberry mug.Two friends who LOVE poisonous plants. And they keep on accusing one another of being "not straight" but aren't homophobic. They like dark humor. And death. But they appreciate life. And rain. And they keep on trying to tap the other on the head. It's a war. Raine may or may not have a crush on her friend. Also Raine has just started appreciating hugs and Clementine is shocked to death. Clementine is RLY smart.
Clementine: Raine has a crush on Evelyn.
Evelyn: Yep!
Raine: WHAT IN THE GOOD WORLD IS WRONG WITH YOU TWO?
Clementine: You haven't denied it yet...
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(8 am)
Clementine says smth random
Raine: Oh, poor thing, you're so tired that you cant think straight!
Clementine: Yup I'm not thinking straight.
Raine: WAIT DID YOU JUST SAY THAT YOU'RE NOT STRAIGHT???
Clementine suddenly wakes up and the two argue for 30 sec.
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Evelyn, Ellis, Lili, and Bianca: Wow this essay is dark... too much death. Oh wait, Raine and Clementine teamed up again. Explains the use of poisonous plants.
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*Clementine and Raine start running after one another in a tapping war*
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Those 2 friends who LOVE poisonous plants. hmmmmm, must be Raine & Clementine
Evelyn: Yep!
Raine: WHAT IN THE GOOD WORLD IS WRONG WITH YOU TWO?
Clementine: You haven't denied it yet...
---------------------------------------------------------------------------------------
(8 am)
Clementine says smth random
Raine: Oh, poor thing, you're so tired that you cant think straight!
Clementine: Yup I'm not thinking straight.
Raine: WAIT DID YOU JUST SAY THAT YOU'RE NOT STRAIGHT???
Clementine suddenly wakes up and the two argue for 30 sec.
------------------------------------------------------------------------------------
Evelyn, Ellis, Lili, and Bianca: Wow this essay is dark... too much death. Oh wait, Raine and Clementine teamed up again. Explains the use of poisonous plants.
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*Clementine and Raine start running after one another in a tapping war*
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Those 2 friends who LOVE poisonous plants. hmmmmm, must be Raine & Clementine
by Mooneflower April 9, 2023
Get the Raine & Clementine mug.by det.und August 26, 2005
Get the prof railer mug.A significant other who gets ahold of your cell phone to check your text messages. Usually causing a fight after seeing who has been texting you.
Dave: I have to delete all these messages from Sarah!
Jon: Why?
Dave: My girl is an Inbox Raider! I know she will start a fight.
Jon: Why?
Dave: My girl is an Inbox Raider! I know she will start a fight.
by Skientz January 28, 2009
Get the Inbox Raider mug.Any physical aspect of the human anatomy (generally part of the female anatomy) that causes a penis to become erect when a male sees it.
by GTPRIX September 30, 2014
Get the cock raiser mug.