The black knight is a literary stock character who masks his identity and that of his liege by not displaying heraldry. Black knights are usually portrayed as villainous figures who use this anonymity for misdeeds. They are often contrasted with the knight-errant (white knight). The character appeared in Arthurian literature and has been adapted and adopted by various authors, in cinema and popular culture. The character is sometimes associated with death or darkness.
British composer Edward Elgar composed a cantata titled The Black Knight (op. 25, 1889–93). Its libretto is a translation of Ludwig Uhland's ballad Der schwarze Ritter by Henry Wadsworth Longfellow. The Uhland poem (in german language) was set to music also by Heinrich von Herzogenberg.
In business, a white knight is a friendly investor or savior, while a black knight functions as a destroyer. Typically, a black knight will enter a business or company as an influential person such as a major investor or as a member of the board of directors and will dismantle a profitable or asset-rich business to enrich themselves, which typically leaves the previously profitable company in a weaker financial position.
Such black knights achieve their aims by:
Occasionally, the term black knight describes an investor who acquires a firm in opposition to the will of its management, as in a hostile takeover. The label may not be accurate if the ultimate intention of the acquirer is unknown. It could be for commercial reasons (rather than personal reasons), such as merging the entity with another entity owned by the acquirer to promote synergy.
The black knight condemns Fortune, who introduced him to the perfect woman, and allowed him ...