(1). A somewhat polite (and yet overly descriptive) way to describe the reason your boss was just fired…and the reason his secretary was recently promoted to vice president.
“People, I wanted to let you know that Mike decided to resign as CFO yesterday…seems he had a bit of a zipper issue earlier this year that we feel may cause some reputational risk to the firm. We’ve named Herman as his temporary replacement. You all know Herman…he’s the guy with the hairy mole on his nose and the moobs…no risks there!”
(1). To pull people off unnecessary, endless projects to make them work on other unnecessary, endless projects.
“Okay, so I think in order to properly resource this effort, we are going to have to bring in some folks from the servicing team. Unfortunately, they don’t have anyone to spare right now, so your project is going to happen … possibly ever.”