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    Cory Doctorow (pluralistic@mamot.fr)'s status on Tuesday, 06-Aug-2024 04:46:43 JSTCory DoctorowCory Doctorow
    in reply to

    Take "leveraged buyout," a polite name for *stealing a whole goddamned company*:

    I. Identify a company that owns valuable assets that are required for its continued operation, such as the real-estate occupied by its outlets, or even its lines of credit with suppliers;

    II. Approach lenders (usually banks) and ask for money to buy the company, offering the company itself (which you don't own!) as collateral on the loan;

    3/

    In conversationabout a year ago from mamot.frpermalink
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