Posted in Finance, Accounting and Economics Terms, Total Reads: 546
Definition: Fat Cat
Fat cat is derogatory word to describe all those people who are extremely wealthy, and have used certain system loopholes to have financial gains. The word is also synonymous with greedy people in companies who inflate their own salary packages, ignoring the workforce.
People perceive these people as extremely rich & powerful, who do not deserve to be owing the wealth, as they feel illegal and immoral ways have been used to accumulate so much money. These people have a strong influence on decisions and regulations, which somehow are not appreciated by everyone.
These days companies, institutions, political parties etc ensure that the assets, incomes etc of the top level individuals are highlighted and kept in check. This enables the organization to gain the trust of the entire workforce. The word has been coined seeing the cats who become obese after having a lot of food.