This phrase describes a person, seemingly in a management or administration position, who makes an attempt to extract monetary profit from a undertaking, enterprise, or entity that’s demonstrably failing or has already failed. The implication is that this particular person is prioritizing private acquire over the general well being or potential restoration of the topic in query. An instance would possibly contain an government who continues to attract a big wage and bonuses from a online game firm regardless of persistently declining gross sales and destructive vital reception of their video games.
The importance of such a determine lies of their potential to exacerbate the present issues. As an alternative of implementing corrective measures to revive the scenario, their actions divert assets and a focus away from essential reforms. This strategy usually results in additional deterioration, finally hindering any likelihood of revival. Traditionally, such figures have been noticed in varied sectors, together with enterprise, sports activities, and even politics, usually leaving a path of monetary instability and reputational injury of their wake.
