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