Empty Suit
Definition of 'Empty Suit'Someone who is high up in a company due to unfair hiring practices, such as nepotism, and doesn't really do anything for the company. It could also refer to someone who makes themselves out to be much more able or important than they really are. Generally, the term is used to describe someone who is not particularly good at their job. |
|
Investopedia explains 'Empty Suit'Empty suits can be found in many large organizations. Incompetent employees who know how to work the system can climb into positions of authority that they really don't deserve or aren't able to maintain effectively. Some consider governmental positions to be commonly filled by empty suits that were appointed for political reasons. |
Related Definitions
Articles Of Interest
-
Evaluating A Company's Management
Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers! -
A Guide To CEO Compensation
Make sure you assess whether a CEO has a stake in doing a good job for you, the shareholder. -
What Investors Can Learn From Insider Trading
Some insider trading is actually legal - and can be extremely telling for investors. -
Get Tough On Management Puff
Company managers are often skilled at fooling investors. Be critical and don't believe the hype. -
The Basics Of Corporate Structure
CEOs, CFOs, presidents and vice presidents: learn how to tell the difference. -
Evaluating The Board Of Directors
Corporate structure can tell you a lot about a company's potential. Learn more here. -
Executive Compensation: How Much Is Too Much?
The proxy statement can help determine whether a CEO is well compensated - or just overpaid. -
Top 9 Questions Investors Should Ask Management
Find out how to get the answers you want without getting the company line. -
The Path To Becoming A CEO
Think you have what it takes to be chief executive? Find out what those at the top have in common. -
Wall Street’s Glass Ceiling
It’s tough to boast that there are more female CEOs than ever before when they make up only 4.2% of the total.
Free Annual Reports