From the Wikipedia page mentioned: > Early innovators of asset stripping were Carl Icahn, Victor Posner, and Nelson Peltz;[4] all of whom were investors in the

From the Wikipedia page mentioned: > Early innovators of asset stripping were Carl Icahn, Victor Posner, and Nelson Peltz;[4] all of whom were investors in the 1970s and 1980s. Carl Icahn performed one of the most notorious and hostile takeovers when he acquired Trans World Airlines in 1985. Here Icahn stripped TWA of its assets, selling them individually to repay the debt assimilated during the takeover. This particular corporate raid formed the idea of selling a company's assets in order to repay debt, and eventually increase the raider's net worth.