(1). How fancy, snooty business men concluded meetings in England in the mid 1800′s.
(2). How fancy, snooty bankers & Wall Street folk currently conclude meetings.
“Old business?! No? On to new business then..”
(1). To split your people into departments in order to operate more efficiently…and to get the weirdos on your staff as far away from clients as possible.
“I think we’re big enough now that we should consider silo-ing off some special functions. Hey Sam, how would you like to run the new Copying and Printing Department?”