Better than nothing?

Have you ever misused your company credit card?  How about used a company asset for your personal business?

“Gulfport CEO Exits Following Review,” The Wall Street Journal, November 2, 2018 B2.  CEO resigns after investigation into his use of his company credit card (he had paid the charges back, eventually, without interest) and the company plane.

On departure, he gets $400,000 and 6 months of health care coverage.  I don’t know whether that’s better than nothing.

The ground troops learn from their “betters.”  Seeing the CEO get canned for policy violations firms up the perception of the seriousness with which the company treats violations of policy or procedure.  More so than a ground troop getting canned.

Does your company publicize these stories?

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Filed under Compliance, Controls, Corporation, Duty, Employees, Governance, Internal controls, Oversight, Policy, Protect assets

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