boardroom coup
a sudden overthrow of the management of a company
TRANSLATION
boardroom coup = die plötzliche Übernahme einer Organisation bzw. eines Unternehmens --- GOOGLE INDEX boardroom coup: approximately 30,000 Google hits
STATISTICS
IN THE PRESS
Stefano Pessina, the billionaire boss behind Boots the Chemist, has staged a BOARDROOM COUP toppling the chief executive of American partner Walgreen.
(www.thisismoney.co.uk)
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Mark, along with brothers Joe and James, orchestrated a BOARDROOM COUP and took over the company in the late 1980s, ushering in more than two decades of family infighting and lawsuits.
(Forbes magazine)
(www.thisismoney.co.uk)
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Mark, along with brothers Joe and James, orchestrated a BOARDROOM COUP and took over the company in the late 1980s, ushering in more than two decades of family infighting and lawsuits.
(Forbes magazine)
Did you
know?
boardroom coup
noun phrase
- sudden overthrow of the management or governing body of a corporation
(Investopedia)
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A boardroom coup is a sudden and often unexpected takeover or transfer of power of an organisation or company. The coup is usually performed by an individual or a small group usually from within the corporation in order to seize power.
It draws upon the ideas of a coup d'état in the same way that a corrupt, dysfunctional or unpopular group is pushed out of power.
In 1985 Apple co-founder Steve Jobs was stripped of his title as Apple’s chief visionary after a boardroom meeting in which Apple’s representatives sided with then CEO Sculley. Despite the success of a new advertising campaign release in 1984 there was a significant backlog of unsold stock, which was worth millions in revenue.
Demand for the products dropped significantly between the years 1984 and 1985, leading to rising tensions between the CEO and Jobs and the boardroom coup. Jobs came back to Apple roughly 10 years later in a sort-of boardroom coup in which then CEO Gil Amelio was ousted from the company.
(adapted from Wikipedia)
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SYNONYMS
overthrow, power play, putsch, revolution, takeover
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SMUGGLE OWAD into today's conversation
"He was involved in a boardroom coup at his previous company."
Thanks to Martin for suggesting today's word
noun phrase
- sudden overthrow of the management or governing body of a corporation
(Investopedia)
---
A boardroom coup is a sudden and often unexpected takeover or transfer of power of an organisation or company. The coup is usually performed by an individual or a small group usually from within the corporation in order to seize power.
It draws upon the ideas of a coup d'état in the same way that a corrupt, dysfunctional or unpopular group is pushed out of power.
In 1985 Apple co-founder Steve Jobs was stripped of his title as Apple’s chief visionary after a boardroom meeting in which Apple’s representatives sided with then CEO Sculley. Despite the success of a new advertising campaign release in 1984 there was a significant backlog of unsold stock, which was worth millions in revenue.
Demand for the products dropped significantly between the years 1984 and 1985, leading to rising tensions between the CEO and Jobs and the boardroom coup. Jobs came back to Apple roughly 10 years later in a sort-of boardroom coup in which then CEO Gil Amelio was ousted from the company.
(adapted from Wikipedia)
---
SYNONYMS
overthrow, power play, putsch, revolution, takeover
---
SMUGGLE OWAD into today's conversation
"He was involved in a boardroom coup at his previous company."
Thanks to Martin for suggesting today's word
