This phrase describes an individual, likely in a leadership or management role, who attempts to extract financial benefit from a project, venture, or entity that is demonstrably failing or has already failed. The implication is that this person is prioritizing personal gain over the overall health or potential recovery of the subject in question. An example might involve an executive who continues to draw a large salary and bonuses from a video game company despite consistently declining sales and negative critical reception of their games.
The significance of such a figure lies in their potential to exacerbate the existing problems. Instead of implementing corrective measures to revive the situation, their actions divert resources and attention away from necessary reforms. This approach often leads to further deterioration, ultimately hindering any chance of revival. Historically, such figures have been observed in various sectors, including business, sports, and even politics, often leaving a trail of financial instability and reputational damage in their wake.
