strip-and-flip

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)

Join the discussion

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

By a Landslide (episode #1611)

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...

Out Where God Lost His Galoshes

Sarah Jane in Tucson, Arizona, recalls hearing the phrase out where God lost his galoshes for any far-flung, hard-to-reach place. Similar phrases include where God left his overshoes, where Jesus lost his sandals, where Jesus lost his cap, where...