“Guys, what is wrong with ACATS” – Bits About Money

“A digression: It is considered very impolite in the U.S. professional managerial class to observe that a particular, named professional manager is incompetent at their job. An individual who makes a habit of it will be optimized out of decisionmaking processes featuring PMC members, which is… all decisionmaking processes, effectively. That deviant is ipso facto disruptive to orderly operations and also a bit of a career risk to be in the same room with. And so, even if you know someone to be incompetent, part of being an effective PMC class member in an executive position is to learn the approved euphemisms and rituals”

https://www.bitsaboutmoney.com/archive/how-acats-transfers-work/