Promiscuous Surrender


event that occurs when senior management sets up a company for sale, and races to sell it to anyone as fast as possible, so that they can paid out on a change-of-control clause in their employment contracts. antonym of, or opposite of, a hostile takeover. commonly executed by incompetent senior management in over their heads in terms of business challenges.
our ceo, a supposedly good salesman, could not increase sales during his six year stint, so he cut costs and performed a promiscuous surrender so he could score a $50 million payout for himself. and we are not getting bonuses this year. what a flaming -sshole.

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