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Damocles
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   Also found in: Encyclopedia, Wikipedia 0.02 sec.

Damocles (lived 4th century BC)

In classical legend, a courtier of the elder Dionysius, ruler of Syracuse, Sicily. When Damocles made too much of his sovereign's good fortune, Dionysius invited him to a feast where he symbolically hung a sword over Damocles' head by a single horse-hair to demonstrate the precariousness of the happiness of kings.



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Brand and Maggette both said they were excited to ditch their so-called Damocles sword.
amp;uot;It's not too dramatic to say that finally converting the last of our preferred shares has removed a Damocles sword that has been hanging over American Access since 1998,&uot; said CFO Bobby Story.
 
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