I think we need some new terminology. Such as, a new term for "fat cats," although I guess it gets used so much (I'm sure I've used it plenty!) since it doesn't involve cussin'.
However, I have to say, there are two very fat cats, a calico and an orange tabby, here that most certainly do not have millions. They eat food that is bought for them (OK, they're not allowed to go outside, it's true). They refuse to play with any carefully chosen toys but prefer playing in cardboard boxes and empty bags. They do their business in a box filled with sand (not a gold box, mind you). They don't do anything that's very enterprising, and they do not understand why they have gotten such a bad rap!
It appears unlikely these two will get jobs. But they're nice to have around anyway. And no, I don't really think my cats think of much of anything really, so I should really stop sounding like I'm crazy. ;)
OK, for the next term... I'm thinking we have a major problem in this country with supposed meritocracy. Everybody seems to think we have something like that in most of our companies, but it's looking kind of bleak these days, this whole "smartest guys in the room" epidemic.
I don't really have much of an opinion of Carl Icahn overall, I get the impression he has his fans and his detractors, but I was interested to see his blog The Icahn Report, where he's been railing about corporate governance (one of those topics that's dear to my heart, but unfortunately when I've written about those issues for Fool.com, and I try, oh I try, it usually doesn't get too many readers too fired up).
But I have to admit I liked his description (which he said was slightly "facetious") of some of corporate America's CEOs as being "anti-Darwinian," which I think an apt description of what he was trying to describe in was, some affable guy who's probably not really a giant world beater (the types who did really well in college fraternities) gets made CEO, then he surrounds himself with underlings who aren't brighter than him, so then there's never any challenge to his authority, nor any bright ideas, nor any dissent, etc... sounds about right really. I mean, some of these awful situations companies get into, you think, man, a 10 year old probably could have told those people the emperor wasn't wearing any clothes.
I do hope that all the craziness that's going on ends up with us finding ways to improve corporate governance and get past the fact that "meritocracy" seems to be a bit of a sham. I don't like the idea that so much may be, "Let the best BS artist win!" or people feeling just a little too good about themselves (overactive egos).
So here's a term I like... mediocracy. Although, it might be clearer as mediocreacy. Or something. ;) But whatever it is, it ain't good!