Sharks only in the Dictionary
Arruñada, Benito (1992), “Sharks only in the Dictionary,” Boletín del Círculo de Empresarios, 56, 15-30.
Download file →
Presentation
In a modernist boast, the Spanish Royal Academy has admitted to its Dictionary the meaning of "shark" as "a person who underhandedly acquires a sufficiently large number of shares in a bank or commercial company to achieve some control over them." It is curious that, at the same time and a few years after its limping birth, the species is in danger of extinction. On the one hand, managers of many large companies have installed all kinds of repellants and shields that protect them against their attacks. On the other hand, the regulations introduced by the National Securities Market Commission make their operations prohibitively expensive and reduce their profits.