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.
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.
, 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.
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.
Important update as of July 6, 2021. UnitedHealthcare and Renown Health have reached an agreement…
In urgent surgery we can wait until the patient's health is unwavering but it has…
For knee pain, Hatha yoga and Iyengar yoga are easy on the body. Restorative yoga…
Some people may experience joint pain during pregnancy that worsens and continues into postpartum. Postpartum…
If you have runner's knee, you must rest and avoid activities that worsen your runner's…
You can't control when you get sick or injured, but if you can, try to…