Dictionary of Business Terms: white-shoe firm
white-shoe firm
anachronistic characterization of certain brokerdealers as venerable, "upper crust," and "above" such practices as participating in hostile takeovers. Derives from the 1950s culture of Ivy League schools, where white buck shoes were de rigueur in elite fraternities and clubs.
Dictionary of Finance and Investment Terms: white-shoe firm
white-shoe firm
anachronistic characterization of certain brokerdealers as venerable, "upper-crust" and "above" such practices as participating in hostile takeovers. Derives from the '50s culture of Ivy League colleges, where white buck shoes were de rigueur in elite fraternities and clubs.
