"The economy's biggest problem: TIGHTWAD CEOs. If this recovery is going to amount to anything, businesses are going to have to start spending again."
(Anna Bernasek in Fortune, June 10th, 2002)
Did you know?
Did you know?
A "wad" is a roll of paper money. You can imagine that if someone has a very "tight" wad, he or she doesn't really want to spend any of it. This is the origin of the term "a tightwad" used to describe someone who is mean about spending."
You may also simply hear the word "tight" (geizig) used in this connection.