(1). A somewhat polite (and yet overly descriptive) way to describe the reason your boss was just fired…and the reason his secretary was recently promoted to vice president.
“People, I wanted to let you know that Mike decided to resign as CFO yesterday…seems he had a bit of a zipper issue earlier this year that we feel may cause some reputational risk to the firm. We’ve named Herman as his temporary replacement. You all know Herman…he’s the guy with the hairy mole on his nose and the moobs…no risks there!”
(1). A sports related term used to describe the depth of talent a company possesses, and then used again to justify bringing every single one of those people to a meeting.
“I know bringing 15 people seems a bit excessive, but I want to show that we have bench strength back at the office. I think it totally makes sense to have Kathy come! Bringing the secretary shows we’re organized in my opinion.”