It is also commonly used to describe a rich, powerful and greedy person who, due to ownership of large amounts of capital, is able to “live easy” off the work of others. In the United Kingdom, it is also used to refer to executives whose pay is deemed by others to be excessive.
What is the fat cat theory?
The term “fat cat” is a slang description of executives who earn what many believe to be unreasonably high salaries and bonuses. These top executives also receive generous pensions and retirement packages consisting of extra compensation not available to other company employees.
What is the Fat Cat stereotype?
, Slang. a wealthy person from whom large political campaign contributions are expected. any wealthy person, especially one who has become rich quickly through questionable dealings. an important, influential, or famous person. a person who has become lazy or self-satisfied as the result of privilege or advantage.
What is the fat cat strategy?
The Fat Cat Effect occurs under a strategic complements market and can lead to the counter-intuitive result that if the incumbent firm in an industry increases their price that there is a benefit to them AND their competitors as both see profits rise.
