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
To Ghost Ride The Whip
Ghost riding is the act of getting out of your car while it is in neutral or while it is in drive and dance around the car, on top of the car, or behind the car. Ghost riding was populized with the wave of hip-hop know as hyphy and with songs by e-40 and the Federation. The act of ghost riding was thought up of by the people of the san fran bay area but now is being utilized by many teenagers around the u.s.
Ghost riding is the act of getting out of your car while it is in neutral or while it is in drive and dance around the car, on top of the car, or behind the car. Ghost riding was populized with the wave of hip-hop know as hyphy and with songs by e-40 and the Federation. The act of ghost riding was thought up of by the people of the san fran bay area but now is being utilized by many teenagers around the u.s.
i was rollin through southside oakland and i saw some of my niggas ghost ridin da whip, man dat shit is tight.
"Ghost ride the whip"
"Ghost ride the whip"
by Lil' RyRy aka $Big Money$ aka Straight Gutta July 31, 2008
Get the ghost ride mug.Someone who owns a 90HP import with stickers for parts that arent installed and have lame body kits with StreetGlow and Muffler Whistles to make up for not having a turbo. Most own both copies of NFS:Underground, and love watching Fast and the Furious movies.
John: You hear that Jim?
Jim: Yea whats that annoying sound?
John: Thats Ricky Ricer in his '88 Honda Accord
Ricky: You hommies wanna watch Fast and the Furious on my used 7" TFT Head Unit?
Jim: Yea whats that annoying sound?
John: Thats Ricky Ricer in his '88 Honda Accord
Ricky: You hommies wanna watch Fast and the Furious on my used 7" TFT Head Unit?
by Joshua Sloat June 12, 2006
Get the Ricer mug.Dublin slang - The promise of sexual relations and being allowed to stay overnight to partake of the morning meal.
by europhile July 4, 2006
Get the Ride and a rasher mug.1. Anyone who thinks they know shit about cars but are usually wrong and make an ass out of themselves.
2. People who exagerate what their car is capeable of or claim it has beaten cars that it has no way in hell of beating.
3. Someone who thinks 39.99 Candian Tire add-on parts are "cool".
2. People who exagerate what their car is capeable of or claim it has beaten cars that it has no way in hell of beating.
3. Someone who thinks 39.99 Candian Tire add-on parts are "cool".
1a. Yeah, my golf redlines at 8700rmp!
1b. Honda's don't need their brakes bled! They have special system! - ricer
Get the fuck outta my garage! - me
2. Yeah so I beat a G35 off the line then I killed a RX8! - this guy owned a 1.5 Civic. BONE STOCK 1.5 Civic!
3. Dude check out that $40 neon light bar they got at Canadian Tire! I need that!
1b. Honda's don't need their brakes bled! They have special system! - ricer
Get the fuck outta my garage! - me
2. Yeah so I beat a G35 off the line then I killed a RX8! - this guy owned a 1.5 Civic. BONE STOCK 1.5 Civic!
3. Dude check out that $40 neon light bar they got at Canadian Tire! I need that!
by Mr. Mopar December 10, 2008
Get the ricer mug.Any of a number of persons, usually young males, who place numerous cosmetic enhancements to a vehicle in the belief that such enhancements will add performance to their vehicles. These "enhancements" include but are not limited to:
1. Incorrect badging
2. Insanely large exhaust tips (5" in diameter or greater)
3. Spoilers & bodykits; especially those made of cardboard or plastic
4. Offset tape stripes
5. Single wiper conversion
6. Oriental symbols; esp. on American cars
Cars do not neccesarily need to be imports to be considered "rice"- ex. "Cobra" badging and/or body kit on a V6 Mustang.
1. Incorrect badging
2. Insanely large exhaust tips (5" in diameter or greater)
3. Spoilers & bodykits; especially those made of cardboard or plastic
4. Offset tape stripes
5. Single wiper conversion
6. Oriental symbols; esp. on American cars
Cars do not neccesarily need to be imports to be considered "rice"- ex. "Cobra" badging and/or body kit on a V6 Mustang.
I've seen myself the following examples:
"RalliArt" badging on a Honda
"Evolution" badging and bodykit attempt on 1989 Mirage
"Neuspeed" badging on 1997 Lumina
"Type-R" badge and 5" exhaust tip on 1980s Civic Wagovan
Double spoiler, 18" rims and Type-R badge on Geo Metro
Type-R badge on Ford Probe
"RalliArt" badging on a Honda
"Evolution" badging and bodykit attempt on 1989 Mirage
"Neuspeed" badging on 1997 Lumina
"Type-R" badge and 5" exhaust tip on 1980s Civic Wagovan
Double spoiler, 18" rims and Type-R badge on Geo Metro
Type-R badge on Ford Probe
by Mr_Buick January 15, 2004
Get the Ricer mug.