A corporate manager or an executive who, like the fabled Irish elf, is a mischievous and elusive creature said to possess buried treasures of money and gold.
Also spelled "Lep-con Leader".
According to Irish folklore, the location of hidden treasure is revealed only when the lepchaun is caught. In the case of a lepchaun leader, the "buried treasure" is not usually buried, but protected in an offshore account!Examples of lepchaun leaders are the executives of Enron, who stowed away millions of dollars until they were finally caught.