sweetheart deal
a business contract involving the give and take of "special" favours
TRANSLATION
sweetheart deal = Amigo-Geschäft --- GOOGLE INDEX sweetheart deal: approx: 140,000 Google hits
STATISTICS
IN THE PRESS
Small investors object to Verizon's SWEETHEART DEAL with major MCI shareholder.
(Chicago Tribune - News Headline)
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Lenders worried that Platinum Equity, a California-based private equity firm, would buy Delphi in a SWEETHEART DEAL.
(Chicago Tribune - News Headline)
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Lenders worried that Platinum Equity, a California-based private equity firm, would buy Delphi in a SWEETHEART DEAL.
Did you
know?
sweetheart deal (also sweetheart agreement)
noun phrase
- an agreement that you make in which you get something that is to your advantage, especially by agreeing to give up something else
(Cambridge Advanced Learner's Dictionary)
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A sweetheart deal or sweetheart contract is an abnormally favorable contractual arrangement. A particularly lucrative golden parachute could be an example of a type of sweetheart deal, where it is not in the best interests of the stockholders.
It particularly applies to government officials and uses of the term involve hints at the presence of corruption.
Such deals may also put a third party at a distinct disadvantage, (e.g., price fixing between oil companies or mobility services).
In the context of employment rights, a sweetheart contract can involve a deal between an employer and trade union officials that benefits both at the expense of employees.
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LAWYER JOKE
Sweetheart deal with the Devil
A lawyer was sitting in his office late one night, when the Devil appeared before him.
The Devil said to him, "I have a sweetheart deal for you. You can win every case you try, for the rest of your life. Your clients will admire you, your colleagues will be astounded, and you will make incredible sums of money.
All I want in exchange is your soul, your wife's soul, your children's souls, the souls of your parents, grandparents, in-laws and the souls of all of your friends and law partners."
The lawyer thought about this for a moment, then asked, "So, what's the catch?"
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SMUGGLE OWAD into today's conversation
"In many countries, SWEETHEART DEALS between private industry and the government occur all the time."
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QUICK, BEFORE YOU GO, TEST YOUR MEMORY !!
Do you remember yesterday's OWAD?
What's the missing word?
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Lausbub, Schlingel (übermütiger Junge, freches Kerlchen) = S _ _ _ _ _ _ _
"Please tell those S _ _ _ _ _ _ _ S in the IT department to get the computer system back on line."
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S C A L L Y W A G
noun phrase
- an agreement that you make in which you get something that is to your advantage, especially by agreeing to give up something else
(Cambridge Advanced Learner's Dictionary)
---
A sweetheart deal or sweetheart contract is an abnormally favorable contractual arrangement. A particularly lucrative golden parachute could be an example of a type of sweetheart deal, where it is not in the best interests of the stockholders.
It particularly applies to government officials and uses of the term involve hints at the presence of corruption.
Such deals may also put a third party at a distinct disadvantage, (e.g., price fixing between oil companies or mobility services).
In the context of employment rights, a sweetheart contract can involve a deal between an employer and trade union officials that benefits both at the expense of employees.
---
LAWYER JOKE
Sweetheart deal with the Devil
A lawyer was sitting in his office late one night, when the Devil appeared before him.
The Devil said to him, "I have a sweetheart deal for you. You can win every case you try, for the rest of your life. Your clients will admire you, your colleagues will be astounded, and you will make incredible sums of money.
All I want in exchange is your soul, your wife's soul, your children's souls, the souls of your parents, grandparents, in-laws and the souls of all of your friends and law partners."
The lawyer thought about this for a moment, then asked, "So, what's the catch?"
---
SMUGGLE OWAD into today's conversation
"In many countries, SWEETHEART DEALS between private industry and the government occur all the time."
------
QUICK, BEFORE YOU GO, TEST YOUR MEMORY !!
Do you remember yesterday's OWAD?
What's the missing word?
---
Lausbub, Schlingel (übermütiger Junge, freches Kerlchen) = S _ _ _ _ _ _ _
"Please tell those S _ _ _ _ _ _ _ S in the IT department to get the computer system back on line."
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S C A L L Y W A G
