by scardsykokittie August 27, 2003
Get the something corporate 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
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Someone who was once considered 'fun' before they entered the working world, but who is now 'boring'. Most often found when people leave university for an office job, shedding their enjoyable social skin, and donning a far less interesting one. These people obtain the 'corporate' prefix infront of their name.
Max used to "do what he wanted", but now, 'Corporate Max' is in bed by 9 and has no time for his boys nor shenanigans.
by Aramil November 19, 2016
Get the corporate mug.The men who do all the real work in the US military. Also double as maids and sanitation workers for the many times they have had to clean up after the Army's dumbass shit and take out the trash around the globe.
We stole the rope from the Army, the anchor from the Navy, the eagle from the Air Force and on the 7th day when God rested, we overran his perimeter and stole the globe and we've pretty much been running the show ever since. OOHRAH!
We stole the rope from the Army, the anchor from the Navy, the eagle from the Air Force and on the 7th day when God rested, we overran his perimeter and stole the globe and we've pretty much been running the show ever since. OOHRAH!
What?!?! You accomplished the mission with absolutely no funding and you still kicked more ass than the Army? That is so United States Marine Corps of you.
I wish the other military branches weren't such bitches and they could grow a pair like the United States Marine Corps.
I wish the other military branches weren't such bitches and they could grow a pair like the United States Marine Corps.
by Thisonesforchesty January 25, 2010
Get the United States Marine Corps mug.A man, or woman, who ruthlessly hijacks or liberates an idea from a well-heeled, intelligent veteran professional. Jackals will liberate ideas moments after you have announced the idea, and somehow spin it to make it look like it was their's.
Mike: I think we should take information a few times a week and have people present their findings at our daily meeting.
Jim: Or, what we could do is at our daily meeting, have people present findings on information pertinent to our business.
Mike: Don't be such a fucking corporate jackal
Jim: Bye now.
Jim: Or, what we could do is at our daily meeting, have people present findings on information pertinent to our business.
Mike: Don't be such a fucking corporate jackal
Jim: Bye now.
by da ali g August 2, 2006
Get the corporate jackal mug.the bane of the existence of rat ties; one with a protruding forehead as if to portray a caveman; a person who often drools/ spits when taking oart in common everyday conversation.
by Knob4726 December 18, 2007
Get the corporal phillips mug.by Jacques Asse April 20, 2009
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