Upstart refers to a person who has suddenly risen to a new class or status, but lacks the social skills and grace to match the new position.
Since there is an initial rift between the upstart and the social group that has joined her, they may be rejected due to sheer arrogance or misinterpretation of certain norms of etiquette.
If an upstart touches a newly promoted employee who cannot fit in with others at the top levels of the firm, it may eventually lead to him being fired.
The Katie Couric clause was a slang term used to describe a proposed Securities and Exchange Commission rule regarding disclosure of executive compensation and compensation of other elected employees.
Billionaire Warren Buffett (who lives and works in Omaha, Nebraska) is known as the Oracle of Omaha, a nickname he earned as one of the world’s most successful and watched investors.
Robber baron is a term often used in the 19th century during America’s Golden Age to describe successful industrialists whose business practices were often considered ruthless or unethical.
The 90/10 retirement investment strategy involves investing 90% of investment capital in low-cost S&P 500 index funds, and the remaining 10% in short-term government bonds.
The chi-square statistic (χ2) is a measure of the difference between the observed and expected frequencies of the outcomes of a set of events or variables.
The chief operating officer (COO) is the senior officer tasked with overseeing the day-to-day administrative and operational functions of the business.