What is meant by the term corporate drag? Have seen this in some valuation analyses associated with a numerical cost value, but googling terms like "corporate drag" or "corporate drag value" do not appear to yield any results on the term.

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    I think that is what the rank and file employees feel on a day-to-day. – Pete B. Apr 2 '19 at 11:45

The answer appears to be be found here (https://books.google.com/books?id=-YZXDwAAQBAJ&lpg=PT929&ots=fB1RBC42rt&dq=%22corporate%20drag%22%20costs&pg=PT922#v=onepage&q=%22corporate%20drag%22%20costs&f=false) in a snippet of a book by Professor Aswath Damodaran covering the valuation of user-based companies:

corporate drag -- those expenses that are indespensible to business existence but are unrelated to users - and netting that value out of the user value

value of a user-based company = (value of existing users) + (value of new users) - (value of corporate drag)

If there is a more general description of drag or corporate drag that I am missing here, anyone please let me know.

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