Whiteshoe

white-shoe

[hwahyt-shoo, wahyt]
adjective
of or pertaining to members of the upper class who own or run large corporations: white-shoe bankers; a conservative white-shoe image.

Origin:
1975–80; apparently from the white shoes popular as moderately formal wear among suburban men c1980

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
white-shoe

adjective
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" 
WordNet® 3.0, © 2006 by Princeton University.
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