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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Morning Definition - 21/07/2011 "Baptism of Fire"

Morning Definition - 21/07/2011 "Baptism of Fire"

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Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Baptism of Fire
A difficult situation that a company or individual experiences that will result in either success or failure. Examples include Initial Public Offerings (IPOs), a new CEO hired to manage a struggling company, and hostile takeover attempts.

A baptism of fire will either weaken or strengthen the entity involved.

The phrase is an allusion to the Bible in both Acts 2:3-4 and Matthew 3:11.


-investopedia

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Morning Definition - 21/07/2011 "Baptism of Fire"

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