strip-and-flip
v. phr.— «Typically, in a buyout situation like this, the new owners follow some variation on what has come to be called the strip-and-flip script. They proceed to gin up profits at their new holding by any means necessary, then take their plaything public on the stock exchange and make a killing selling shares of their new company’s stock.» —“Does Greed Fuel Stupidity in Corporate America?” by Sam Pizzigati AlterNet July 10, 2008. (source: Double-Tongued Dictionary)
Further reading
When in Rome, do as the Romans do. We all know this proverb means to respect local customs when traveling, or more generally, to go along with a larger group. But why Rome? There’s a surprising story behind this phrase. And: Do we inherit our...
How do you transform ancient Chinese script for use in the modern age? English uses a keyboard with just 26 letters, but the first Chinese typewriter looked like a small table under a huge disk with more than 4,000 characters. A new book chronicles...