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(1). A hokey, colloquial phrase intended to dissuade clients from selling out of a declining investment due to short-term market fluctuations. Clients are often puzzled as to the phrase’s meaning, leading them to take no action, which was, of course, the speaker’s intent.
(1). To gradually change your opinion after receiving a negative response (see push back) from either your boss, your client or someone in Legal.
“Mike said we should price this account at fifty bips with no discounts, but now he’s backpedaling on that after the client threatened to call his golfing buddy the CEO.”
(1). An employee who deals with customers regularly. While usually the highest paid employees, these guys really try to do as little actual work as possible so they can spend more time sleeping with their way-hotter interns.
“Well, I don’t care what you heard. I didn’t want to be client-facing anymore. Not enough challenge. I felt my skills would be better suited to the letter management department. Luckily, my bosses agreed.”
