sweetheart deal


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Related to sweetheart deal: Sweetheart contract

sweetheart deal

1. An industrial agreement made between an employer and local labor union officials containing terms beneficial to the employer without the knowledge of the employees, typically in exchange for money to the union or its leaders. It was later discovered that the union leader had made a sweetheart deal with the company that eliminated employees' right to strike in exchange for a hefty yearly bonus for himself. The automotive manufacturer decided to move its factories to a different country, where it established a sweetheart deal with the local labor union to pay workers substantially less than those previously enjoyed by American employees.
2. Any kind of agreement or contract that is mutually beneficial two the two parties directly involved, typically at the expense of a third party that is not privy to the agreement. It turns out the athletic director had in place a sweetheart deal with the national athletics association, essentially receiving kickbacks every time one of his athletes performed well. The charity has come under fire for what some are calling a sweetheart deal with a for-profit events organizer that receives nearly 40% of the annual donations the charity receives.
See also: deal, sweetheart

sweetheart deal

n. a deal made between friends so that both may profit well. (Such deals usually involve illegal or unethical practices.) Most of the general contractors in town would be out of business if they didn’t offer “sweetheart deals” to the politicians.
See also: deal, sweetheart
References in periodicals archive ?
InterContinental Hotels Group PLC (LSE: IHG), a UK-based owner, manager and franchisor of hotels and resorts, has announced a Sweetheart Deal for couples getting married.
With the House of Representatives scheduling a hearing on the alleged sweetheart deal and Mighty's predicament, some humility may be instilled in the swellheads in the Duterte government.
He said: "In the UK we pay corporation tax at 20 per cent, there is no sweetheart deal, it is absolutely the same corporation tax rate as everybody else.
FIANNA Fail is facing mounting pressure from its own backbenchers to reverse an "unfair" sweetheart deal for senior civil servants.
Officials at the home are angry over the sweetheart deal, saying they need to develop the land and use the income to remain financially solvent.
First, to an outside investor, loan forgiveness looks like a sweetheart deal.