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475

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[–] 13 pts

Tapie was a socialist minister who rose from humble beginnings to build a sporting and media empire, but later ran into a string of legal problems. He made a fortune in the early part of his career by taking over failing companies in corporate raids, stripping them of their assets and selling them for profit during the high-rolling years of financial deregulation in France.

couldnt have happened to a nicer fudgepacker

[–] 4 pts

It's always funny when corporate raiders finally have their turn at being raided.

[–] 0 pt

As much as this guy is a shithead, asset stripping is a completely valid and necessary practice: If a company is sitting on valuable tools it's not using they can and should be redistributed to people who can put them to good use.