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It's way worse than that: there's also deliberate cellar boxing (bankrupting) of companies on a large scale. Hedge funds working with consultant buddies (BCG)
by bboygravity 3y ago
It's way worse than that: there's also deliberate cellar boxing (bankrupting) of companies on a large scale.
Hedge funds working with consultant buddies (BCG) to take over the board/leadership of a victim company.
The consultants then deliberately destroy the company from the inside while their hedge-fund buddies (naked) short it into literal bankruptcy.
It's a very easy game, it's tax-free (because the short position is technically never closed? or something) and it only very very rarely fails and backfires (GME).
- RandomLensman 3y agoDo you have an example (incl. evidence) of such coordinated and deliberate action between consultants and hedge funds?
- anomaly_ 3y agoHe doesn’t because it’s conspiracy bullshit. There are some valuable points in this thread but the OP above is not one of them.
- TheOtherHobbes 3y agohttps://edition.cnn.com/2018/10/16/investing/retail-sears-private-equity/index.html https://edition.cnn.com/2018/10/16/investing/retail-sears-pr... Hard to imagine the delightful people involved leaving money on the table by missing an opportunity to profit from shorting.