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 Glossary   >   F   >   "Fat cat" Definition   

        Fat cat

A disparaging term used to describe executives who earn high salaries and bonuses.Fat cats came in for visceral press criticism soon after the government privatisations of the 1980s when managers who had previously been paid Ј40,000 per year by state-owned enterprises found themselves in charge of private sector companies and immediately awarded themselves massive increases and stock options to boot.

Fat cat
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Fat cat - A disparaging term used to describe executives who earn high salaries and bonuses.Fat cats came in for visceral press criticism soon after the government privatisations of the 1980s when managers who had previously been paid Ј40,000 per year by state-owned enterprises found themselves in charge of private sector companies and immediately awarded themselves massive increases and stock options to boot.


Fat cat : a disparaging term used to describe executives who earn high salaries and bonuses.fat cats came in for visceral press criticism soon after the government privatisations of the 1980s when managers who had previously been paid Ј40,000 per year by state-owned enterprises found themselves in charge of private sector companies and immediately awarded themselves massive increases and stock options to boot.