a fat cat


a rich capitalist

STATISTICS

IN THE PRESS

“Fixing the FAT CATS - Switzerland votes to curb executive pay.”

The Economist

Did you
know?

fat cat
noun phrase

- someone who has a lot of money, especially someone in charge of a company who has the power to increase their own pay

- If you refer to a businessman or politician as a fat cat, you are indicating that you disapprove of the way they use their wealth and power

- any affluent person who is perceived to have profited from the labour of others

- a person who has become lazy or self-satisfied as the result of privilege or advantage

Cambridge Dictionary / Collins Cobuild / Dictionary Com


ORIGIN

The phrase was first used in the 1920s in the United States to describe rich political donors. By the middle of the 20th century, the term was being applied more widely to any affluent person who is perceived to have profited from the labour of others.


RIP-OFF SALARIES

Thomas Minder is known in Switzerland for having filed a landmark 2006 initiative titled “Eidgenössische Volksinitiative gegen die Abzockerei” (Public Initiative Against Rip-Off Salaries).

This proposed that executive remuneration in public Swiss companies be more tightly controlled by shareholders. The initiative, one of the world’s most restrictive on corporate governance, was finally accepted by 67.9% of the population and all Swiss cantons on 3 March 2013.

Some seven years later, disquiet about executive remuneration still simmers in the background. The topic remains highly controversial and executive pay in Switzerland remains one of the highest in the world.

Source: LawReviews / Ethical Boardroom


SYNONYMS

tycoon, mogul, magnate, baron, richling, deep pocket, person of means, person of substance, FAT CAT, plutocrat, Croesus, Midas, silk stocking, bankroller, loadsamoney, money-spinner, nabob, Mr. Moneybags, gazillionaire, squillionaire, zillionaire


SMUGGLE OWAD into a conversation today, say something like:

“On a lighter note, have you seen ’40 FAT CAT Memes The best hilariously tubby cats’…?”


THANKS to Ursula for suggesting today’s word


HERZLICHEN DANK to all readers helping me keep OWAD alive with single or monthly donations at:

https://donorbox.org/please-become-a-friend-of-owad-3

Paul Smith

More Word Quizzes:

a fleeting memory

2 weeks ago

something slightly remembered

Congrats Your Answer is Correct.

something easily remembered

SORRY,
please try again...

something wrongly remembered

SORRY,
please try again...

a barn burner

2 weeks ago

something impressive and exciting

Congrats Your Answer is Correct.

something destructive and painful

SORRY,
please try again...

something roasted and grilled

SORRY,
please try again...

It’s a fair cop

3 weeks ago

The price is correct for the value provided

SORRY,
please try again...

It has been a good harvest

SORRY,
please try again...

I deserved to be caught doing something wrong

Congrats Your Answer is Correct.

inscrutable

3 weeks ago

hard to understand

Congrats Your Answer is Correct.

easily offended

SORRY,
please try again...

difficult to train

SORRY,
please try again...

purple burglar alarm

3 weeks ago

an irrational fear of losing everything

SORRY,
please try again...

a Scottish tongue twister

Congrats Your Answer is Correct.

a severe storm warning

SORRY,
please try again...

Copyright © 2021 - OWAD. All Rights Reserved.