What is ‘vulture capitalism’ and how is it different from ‘capitalism’?
[What is ‘vulture capitalism’ and how is it different from ‘capitalism’?]
Venture capitalists grow businsses by investing their own money and usually some mentoring as well. They can be brutal, but their goal is to create a bigger business.
A vulture capitalist in contrast will buy into a company that has some book value, force out shareholders, fire people and then grab easy money, like by selling land assets or machinery. Now sometimes, you need a vulture because all there is left of a company is pretty much bones to pick over. But it sounds like Bain made huge profits by just stripping companies. It would be sort of like eating an antelope before it was fully dead.