I recently learned a new word. I didn’t think much about it at first thinking that it would be one of those words that I hear but never hear again. It was dropped on me in a meeting with a manager and it now haunts me.
EBITDA
Say it with me…EE BIT DUH
I don’t really know if it is a word or an acronym. It means Earnings before Interest, taxes, depreciation, and amortization or something like that, which to me qualifies it as an acronym wannabe.
It’s a very business fashionable word since it is relatively new. I don’t really know what it means other than when I hear it I fear being fired. Actually I don’t really fear it, but I know that it has something to do with the company’s overall profitability, and if they are talking to me about the overall company income, that means that I need to work harder or else!
EBITDA might as well be latin for Whip because when it is brought up by upper management to the clothed wall workers of the organization, such as myself, it translate’s to “work harder, make us more money, or you will be replaced!”
I’m just hoping that EBITDA and I get along long enough for me to look back fondly on and remember when we used to say a word that might have been coined by a CEO somewhere while spending that rare 5 minutes with his 6 month old.
Filed under: EBITDA, Livin the dream, confused, weird, wikipedia, work
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