Boiler Room (business)
In business, the term boiler room refers to an outbound call centre selling questionable investments by telephone. It typically refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stock, private placements or committing outright stock fraud. The term carries a negative connotation, and is often used to imply high-pressure sales tactics and, sometimes, poor working conditions.
Read more about Boiler Room (business): Business Structure, Etymology, Modern Boiler Rooms
Famous quotes containing the word room:
“... no other railroad station in the world manages so mysteriously to cloak with compassion the anguish of departure and the dubious ecstasies of return and arrival. Any waiting room in the world is filled with all this, and I have sat in many of them and accepted it, and I know from deliberate acquaintance that the whole human experience is more bearable at the Gare de Lyon in Paris than anywhere else.”
—M.F.K. Fisher (1908–1992)