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(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.”
(1). A really, really complicated way to say slamming the barn door after the horse is gone.
“Alright, now that we’ve converted to the new accounting system, we need to go through our post-implementation review process to make sure it’s going to work. Somehow, I feel we should have asked more questions up front…oh well, too late now!”
Props to A3 for the submission.
(1). To push staff members to focus their efforts on a certain project, usually as a reaction to the marketing of a new product or service offering (see take it to the next level, all hands on deck).
“We need to mobilize on the new holiday offer this week.”
