(1). Something your company claims to be after paying someone to plant a few trees in Paraguay, despite the fact that they continue to dump gallons of caustic chemicals into the canal behind that plant of theirs in New Jersey.
“As you all know, we strive to be a good corporate citizen, which is why we are requiring all of you to commute to work in Chevy Volts. I, of course, will continue to commute in my G IV.”
(1). When an investment manager veers slowly away from the type of investments he’s supposed to be making. Usual result is affectionately referred to as “turnover”.
“Well, Mike, I think it’s safe to say you guys have experienced a little style drift lately. Buying California municipal bonds in a Turkish equity strategy is just not really what we were looking for.”