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  • A Credit to the Corporate Raider

    01/11/2003 4:33:50 AM PST · by ultimate_robber_baron · 6 replies · 527+ views
    The Hawaii Reporter ^ | Monday, 6 January 2003 | Stuart K. Hayashi
    A Credit to the Corporate Raider Stuart K. Hayashi The media's exploitation of the 2001 corporate scandals in its hysterical (and popular) campaign to defame businesspeople in general harkens back to another anti-capitalist witch hunt they conducted in the 1980s. That era is now pejoratively dubbed "the Decade of Greed," as it saw the proliferation of honest but controversial characters known as "corporate raiders." "Corporate raiders" are the mavericks who launch "hostile takeovers," trying to take over failing mega-corporations for themselves. (Successful companies have higher stock prices and are thus harder to buy out.) To do this in the...