Meaning of new word in business - Hippo

Hippo
What it means: In workplaces, the Highest Paid Person's Opinion, or HiPPO, becomes the deciding factor in official discussions.

Origin: HiPPO's popularity has coincided with the era of consultancy and MNCs and the need to get a global head's go-ahead on local business opportunities.

Usage: "Are we ready to present this for the HiPPO?"