Concept in the corpoate business world that protects stockholders from being liable for the debts of the business.
A simple way of understand this is that stockholders can ONLY lose what they invest; creditors of a business CANNOT go after the stockholders for the business's liabilities.
Basically a business can rack up a bunch of debt, go under, and not have pay the difference owed to creditors after liquidating.
This concept does NOT apply to family owned business AKA non-corporations.
A simple way of understand this is that stockholders can ONLY lose what they invest; creditors of a business CANNOT go after the stockholders for the business's liabilities.
Basically a business can rack up a bunch of debt, go under, and not have pay the difference owed to creditors after liquidating.
This concept does NOT apply to family owned business AKA non-corporations.
by Iconoklastic~ February 17, 2010
Get the Corporate Veil mug.A crispy concord is when you are getting a BJ then half way through the girl stops and put some chips onto the penis then starts again and eats the chips as she goes
by SpacerINC October 23, 2016
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The above quote pertaining to The Marketing Division of the Sirius Cybernetics Corporation is from Douglas Adams's A Hitchiker's Guide to The Galaxy.
by The BR September 27, 2006
Get the The Marketing Division of the Sirius Cybernetics Corporation mug.A corporate freeloader. Has an I.T degree but has never written a line of code in his entire life. He says he wants to learn but in reality is not interested. He attended a coarse in C# so that he can boast about it and moan how expensive it was. Doesn't know the difference between a website and a webservice and thinks microsoft sharepoint is something you install on a PC like a normal application.
When trying to explain a concept to him he stares at you and repeats "exactly.. exactly" many times. This is a giveaway meaning he understood nothing.
Strategically, he likes to be someone else's shadow, appearing to be a friend, he is really leeching on his resources and hard work. He continously tries to get recognition of other's peoples work and to appear as the expert, by repeating statements memorized from other's people's conversations. He acts more like a parrot than as a human. It seems his mental resources are utilised to monitor and leech others, not to live life like other people.
When cornered and faced with his limitations and freeloading tactics, he generally retreats, and waits for the next opportunity to repeat the cycle. When stressed he may burst in a frenzy of ridicule and intollerance towards others, but never admits his faults.
Beware of these people. They can make your life difficult to live in peace.
When trying to explain a concept to him he stares at you and repeats "exactly.. exactly" many times. This is a giveaway meaning he understood nothing.
Strategically, he likes to be someone else's shadow, appearing to be a friend, he is really leeching on his resources and hard work. He continously tries to get recognition of other's peoples work and to appear as the expert, by repeating statements memorized from other's people's conversations. He acts more like a parrot than as a human. It seems his mental resources are utilised to monitor and leech others, not to live life like other people.
When cornered and faced with his limitations and freeloading tactics, he generally retreats, and waits for the next opportunity to repeat the cycle. When stressed he may burst in a frenzy of ridicule and intollerance towards others, but never admits his faults.
Beware of these people. They can make your life difficult to live in peace.
Example of corporate freeloader
You are assigned on a task by your manager. jason asks the manager to come with you to gain experience and 'learn' something new.
When you are on the task, he stays in a corner supposedly writing notes and does not provide input.
when asked by the manager about the task outcome, he jumps in the middle and speaks as he did all the work. Unkowing managers will get the impression he did all the work, but one that knows better ignores him outright. when this happens he gets pissed and offends him behind his back.
When you confront him that he really did not provide input and was only there to learn he offends you as well. jason then retreats and acts for his next chance, playing the administrative manager's role in the mean time.
You are assigned on a task by your manager. jason asks the manager to come with you to gain experience and 'learn' something new.
When you are on the task, he stays in a corner supposedly writing notes and does not provide input.
when asked by the manager about the task outcome, he jumps in the middle and speaks as he did all the work. Unkowing managers will get the impression he did all the work, but one that knows better ignores him outright. when this happens he gets pissed and offends him behind his back.
When you confront him that he really did not provide input and was only there to learn he offends you as well. jason then retreats and acts for his next chance, playing the administrative manager's role in the mean time.
by No2Freeloaders November 3, 2006
Get the corporate freeloader mug.Refers to the sexualization of pre-sixteen year-olds by marketeers to sell records. See Britney Spears in 'Hit Me Baby One More Time'.
Originates from 'Branded: The Buying and Selling of Teenagers' by Alissa Quart.
Originates from 'Branded: The Buying and Selling of Teenagers' by Alissa Quart.
by Nixon Popdizzy February 11, 2006
Get the corporate pedophilia mug.(n) A gentlemanly and virtuous virtuoso, Renaissance man, Jack-of-all-trades with particular skill in the fine arts and a lack of skill in the musical arts, but still maintains an appreciation for the musical arts. There is currently only one corcore in existence.
by Dr. N. Namretso, PhD March 21, 2005
Get the corcore mug.A seemingly harmless but utterly deadly disease. Characterized by septic infections of chain stores and restaurants over what was once healthy prairie, forest, farmland or wetland on the edge of a city. Causes a swelling of minivans and SUV s and massive hemorrhaging from privately owned small businesses in both city and country. The spread of the fungus is inevitable. It is symbiotic with and related to the housing development.
I'd love to go to that surplus store way out of town, but the whole area has a bad case of the corporate fungus.
by Capitalist Pig December 25, 2008
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