Vultures' Picnic - Greg Palast Reviews


Description:ISBN 1780336519 /
Newest Review: ... the UK government still because it's so profitable and critical to our pension funds and so needs government support to go ... more
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Greg Palast Vultures' Picnic The bestselling author of "The Best Democracy Money Can Buy& ... Last Update 18.05.2013 02:15
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Customer Vultures' Picnic - Greg Palast Reviews (1)

by - written on 02/04/13 (Very useful, 46 readings)
Rating:
A venture capitalists invests in a company likely to succeed in the marketplace and hence show a profit to the investor, Dragons Den style. A vulture capitalist, what this book is about, looks to invest in a firm likely to fail to earn a profit in the near term, often triggering the takeover clauses, resulting in forfeiture of some or all the assets of the company, with an eye towards selling off the constituent parts, hence showing a profit while destroying or hobbling the company. That was Richard Gere's job in Pretty Woman. HMV and Blockbuster Video are currently under that attack, as is Haiti and Cyprus, for example. The vultures are the maggots of capitalism that ... Read the complete review



