(1). A full staff meeting where employees are supposed to be able to pose questions to upper management. They can’t. All questions are plants. Just keep quiet and you won’t get fired.
“Thank you, everyone, for dialing in today. This town hall meeting is an important forum for all of us to talk openly and honestly about the business. All questions should be directed to that burning oildrum behind the building. Now, our first agenda item is ‘cost reductions’…”
(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.”