2 definitions by plresults
Event that occurs when senior management sets up a company for sale, and races to sell it to anyone as fast as possible, so that they can paid out on a change-of-control clause in their employment contracts. Antonym of, or opposite of, a Hostile Takeover. Commonly executed by incompetent senior management in over their heads in terms of business challenges.
Our CEO, a supposedly good salesman, could not increase sales during his six year stint, so he cut costs and performed a promiscuous surrender so he could score a $50 million payout for himself. And we are not getting bonuses this year. What a flaming asshole.
by plresults October 27, 2011
Something so depressing, so pathetic, over such a long time, that it makes happiness or resolution seem in in achievable.
Woody Allen's movie characters are practically forlornographic, and make Eeyore seem like the Bluebird of Happiness.
by plresults July 20, 2017