Monthly Archives: March 2019

A war chest refers to reserves of cash set aside by a company in order to take advantage of an unexpected opportunity. This usually takes the form of acquiring other businesses, but war chests can also be used to defend against a hostile takeover or other adverse event. War chests are typically invested in short-term liquid […]

The Icarus Factor refers to when a company undergoes an overly ambitious project and does not succeed, leading to a decline in financial health. The phenomenon is associated with overly-enthusiastic, misguided leadership. The term comes from the mythological figure Icarus, whose artificial wings melted when he flew too close to the sun. Icarus-like occurrences often […]