1. Your business becomes successful to the point where you decide that you no longer want to take responsibility of it, however you decide to keep your status by renaming your position as CEO
, etc. so that you can determine your own ridiculous salary and sell your stocks to "shareholders" who then take responsibility of your business. Furthermore, if your company is a bank
you can then purposely go bankrupt so that the government can bail you out to give yourself a bonus in addition to your ridiculous salary because the taxpayer
s will pay it and they don't have any say-so in the government
. You can also donate money without paying taxes to a politician's shell corporation so that nobody will ever know it was you "on record." You also (wrongly) assume that the average taxpayer is too stupid to know what's going on here.
2. An expletive used to describe anything that amounts to investment without return.
I should incorporate my business so that I can sell stock to people and then purposely go bankrupt, get bailed out, and give myself a bonus on top of the ridiculous salary I already make!
Hey, did you see that new car that Tom bought for $50,000? It's made out of plastic and duct tape. It's a real piece of corporation!!!