| 释义 |
scorched earth policy
scorched earth policy n 1. (Military) the policy in warfare of removing or destroying everything that might be useful to an invading enemy, esp by fire 2. (Economics) commerce a manoeuvre by a company expecting an unwelcome takeover bid in which apparent profitability is greatly reduced by a reversible operation, such as borrowing at an exorbitant interest rate TranslationsScorched Earth Policy
Scorched Earth PolicyAn antitakeover measure in which a company sells many or all of its "good" or desirable assets and/or issues an extraordinary amount of debt. A scorched earth policy is designed to make the company less attractive to potential acquirers. The obvious disadvantage to a scorched earth policy is the possibility that, even if the company remains independent, it may have acquired so many liabilities that it may not be able to maintain its operations easily. See also: Poison pill, Suicide pill.ThesaurusSeescorched-earth policy |