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(1). An excuse made by employees to management or other co-workers for a seemingly ridiculous or blatantly time-wasting request or project.
“Okay team, we need to run a full analysis of every transaction in the Smith account since 2002. This is a client-driven request, so let’s roll up our sleeves and bang this out as quickly as possible.”
(1). In finance, an expression used in client meetings to (1) dissuade a client from making or avoiding investment changes purely to avoid (or incur) capital gains taxes, and (2) allow the speaker to show the client how witty he is, while throughly enjoying the sound of his own voice.
“Well, you know what they say, “don’t let the tax tail wag the investment dog“. Am I right or am I right? This guy knows what I’m talking about!”
(1). A bright spot that’s not ready for prime time, and needs further development to be duplicated elsewhere.
“Really love the new macro, Nick…unfortunately, I think you need to make a few tweaks to get this all the way to bright.”
Props to David P. for the submission.
