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(1). Somewhere hot and humid where labor costs are more than reasonable.
“That’s right…we’ve just recently expanded our center of excellence in Bangalore. Now we have even more “Steve from Dallas”-es ready to tell all of our customers to turn their computers off and then back on again!”
(1). When management thinks they are smarter than everyone else, including their regulators.
(2). When management thinks they can simply manage their way out of anything.
“Well, Ken…I think there’s a little institutional arrogance coming out of the executive office on this Reg. W thing. If it were me, I probably wouldn’t have opened the meeting by calling the Fed examiners a bunch of pencil-pushing bureaucrats. But, that’s just me.”
Props to Tim P. for the submission.
(1). A specialty or area of expertise. The term is often used to avoid answering a question you don’t know the answer to.
“Well, international taxation of fishing leases isn’t exactly my bailywick, but I have a few partners who’ll be able to help you. I took the liberty of inviting all of them to this meeting.”
