1. denoting a company or law firm owned and run by members of the WASP elite who are generally conservative; - Example: "the politician tried to hide his white-shoe background"
WordNet (r) 3.0 (2006):
white-shoe
adj 1: denoting a company or law firm owned and run by members
of the WASP elite who are generally conservative; "the
politician tried to hide his white-shoe background"