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Sweetheart Deal |
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Sweetheart Deal Any offer that is too good to refuse. A sweetheart deal has a negative connotation because it often refers to an unethical arrangement. For example, a company may promise a politician a chairmanship when he leaves office in exchange for a vote. Likewise, a potential acquiring company may offer golden handshakes to the board of directors of the target company to encourage them to accept an offer even it violates the interests of shareholders. A sweetheart deal is sometimes illegal. See also: Fiduciary Responsibility.
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No references found | The Supreme Court announced Friday that it would hand down its verdict on September 17 in a separate corruption case accusing Thaksin of using his political office to win Pojaman a sweetheart deal on prime Bangkok property. The Supreme Court announced Friday that it would hand down its verdict on September 17 in a separate corruption case accusing Thaksin of using his political office to win Pojaman a sweetheart deal on prime Bangkok property. Simply put, this is a sweetheart deal for a handful of companies that have been breaking media ownership rules for years with impunity. |
Sweetheart Deal |
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