or Child of Owner
1. Those who are under Daddy's or Mommy's orders.
2. Those who couldn't find a decent job "yet" and works for their parents.
3. A mockery of C.O.O. which is supposed to mean Chief Operating Officer
"My son?! C.O.O., oh yeah, he's been working for me the whole time, what a bum."
"Right now, he's a proud C.O.O. of his dad's company, couldn't get a job yet."