sleeping partner

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sleeping partner

Someone who is closely associated or involved with a business or corporation, typically through financial investment, and therefore shares in its risks and rewards, but does not participate in its day-to-day operations and management. Dave's father agreed to be a sleeping partner when we started our company, leaving us to run it once it was set up. In an attempt to crack down on corruption, federal investigators have begun looking into various sleeping partners that might be financing the drug trade throughout the country.
See also: partner, sleep
References in periodicals archive ?
We gradually bought out the sleeping partners and then reversed into John Lusty."
Said Salvo Stoch, president of Sleeping Partners, which does several infant bedding lines each season, "It's just growing tremendously.
Sleeping Partners is hitting the infant bedding market with a one-two punch.
IT seems that football managers will have to become as circumspect as politicians when it comes to their sleeping partners.
"I tell my partner that the baby line will one day take over the adult line," said Sandy Tabatznick, president of Sleeping Partners.
Now Watts, who works for Saga magazine, tells me: "I think Sue decided not to name me because she was being discreet." But she mentions her other sleeping partners, Leonard Rossiter and Sir Robin Day.
NEW YORK - Salvo Stoch, co-owner of the SoHo-based fashion bedding manufacturer Sleeping Partners, describes his ensembles as ultra-casual, even bordering on "grungy." And, it's Stoch's non-mainstream attitude regarding bedding which has vaulted Sleeping Partners to a $1 million-a-year operation.
Bestie, who knows more about sleeping partners than Warren Beatty, says he is one of them in this new venture.
At Sleeping Partners, a SoHo-based fashion and baby bedding manufacturer, denim in combinations of chambray, plaid flannels and cotton waffle knit fabrics are the company's main focus.
NEW YORK--Ten years ago, Salvo Stoch, president of SoHo-based Sleeping Partners, manufacturer of bed tops and more, found himself in a predicament.
Let us see together the cause or causes of this symptom, which can sometimes be a serious condition in the sufferer and very disturbing and annoying to the sleeping partner. Snoring generally afflicts a good section of the adult population, men, the obese and older citizens in particular.