JOB CRATER, n.p. Corporate raiders who obtain controlling interests in publicly held companies to loot them. Frequently they use borrowed money collateralized by their pension funds and other assets for the takeovers. They then borrow against the victim companies assets and confiscate the proceeds for themselves through fees, bonuses, and “dividends for preferred stockholders”. They disregard the quaint notion of fiduciary responsibility to the bondholders, shareholders, and employees who are generally left penniless and unemployed. See: Carl Ichan and Mitt Romney.