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(1). An all-day or multi-day staff meeting which is intended to address major strategic or workplace issues. Prior to the 2008 financial crisis, offsites were usually held at a resort or similar location, but are now generally held in a conference room (coffee may even be provided, budget-permitting).
(1). A bank employee who’s not exactly a lawyer, but not exactly a broker. He receives no commission for bringing in new business and often is required to say “no” to his clients for seemingly mundane requests. He … oh, who cares? Just think Jane Hathaway from The Beverly Hillbillies and you’ve got the idea.
“So, Eugene … you’re a trust officer … okay, so what exactly does a trust officer do … ? Hmm … I’m not sure those skills translate to anything we are looking for right now. Thanks for coming by, though, I’m sure you’re a valued part of the team over there at [insert bank name].”
Happy 500th term, CheesyCorporateLingo.com!
(1). A nice way to describe the work of a low-level employee in a vain attempt to make it sound like you think what they do is way more important than what you do.
“Yeah, trading millions of dollars worth of corporate bonds every day is important to our corporate bond-trading business, but your team’s processing of account paperwork is really where the rubber meets the road!”
