After years of expense-fiddling and till-fingering when they were the boss
https://www.ft.com/content/4b0fd44c-8c99-11e9-a24d-b42f641eca37
Donald Trump is fighting to stop Congress getting hold of his financial records and tax returns. Nigel Farage refuses to tell the European parliament why he didn’t declare personal expenses funded by Arron Banks, the Brexit donor being investigated by Britain’s National Crime Agency. Israel’s prime minister Benjamin Netanyahu is seeking immunity to ward off pending prosecutions for corruption, fraud and breach of trust.
https://www.ft.com/content/241a2742-934d-11e9-aea1-2b1d33ac3271
ANZ Bank parted company with its New Zealand chief executive David Hisco this week after an internal review uncovered tens of thousands of dollars of personal spending on chauffeured cars and wine storage that was “mischaracterised” as business expenses."
These are all trumped by Carlos Ghosn, former head of Nissan and Renault. The carmakers allege that Mr Ghosn — on bail awaiting trial on charges of financial misconduct — expensed more than €10m of personal costs, including Cartier watches and a trip to the carnival in Rio de Janeiro. Mr Ghosn denies wrongdoing.
For employees, especially executives, it is worth bearing in mind that expense violations can be used as a weapon. Mr Hisco may have enjoyed tens of thousands of dollars of expenses at the time but his premature departure saw NZ$6.4m of his shares go up in smoke. Expense padding is no longer worth the risk.
https://www.ft.com/content/f1b3f744-905c-11e9-b7ea-60e35ef678d2
Prosecutors painted a picture of celebrity chefs entertaining Mr and Mrs Netanyahu’s associates at the government’s expense. For the prime minister’s supporters, the prosecution’s focus on spending at state dinners and other entertainment became proof of what the prime minister has described as a witch-hunt against him and his family. “The defendant has misused public funds,” the judge said in his ruling. Mrs Netanyahu maintained: “I have suffered enough.”
https://www.ft.com/content/7683ed90-82c9-11e9-b592-5fe435b57a3b
Cobbling together a majority in the 120-seat Knesset should have been a feat of complex arithmetic and boosting lawmakers’ egos. But over 40 days of negotiations, Mr Netanyahu focused on gaining Knesset member’s support for legislation that would shield him from a pending prosecution for corruption, fraud and breach of trust.
https://www.ft.com/content/4b0fd44c-8c99-11e9-a24d-b42f641eca37
Donald Trump is fighting to stop Congress getting hold of his financial records and tax returns. Nigel Farage refuses to tell the European parliament why he didn’t declare personal expenses funded by Arron Banks, the Brexit donor being investigated by Britain’s National Crime Agency. Israel’s prime minister Benjamin Netanyahu is seeking immunity to ward off pending prosecutions for corruption, fraud and breach of trust.
https://www.ft.com/content/241a2742-934d-11e9-aea1-2b1d33ac3271
ANZ Bank parted company with its New Zealand chief executive David Hisco this week after an internal review uncovered tens of thousands of dollars of personal spending on chauffeured cars and wine storage that was “mischaracterised” as business expenses."
These are all trumped by Carlos Ghosn, former head of Nissan and Renault. The carmakers allege that Mr Ghosn — on bail awaiting trial on charges of financial misconduct — expensed more than €10m of personal costs, including Cartier watches and a trip to the carnival in Rio de Janeiro. Mr Ghosn denies wrongdoing.
For employees, especially executives, it is worth bearing in mind that expense violations can be used as a weapon. Mr Hisco may have enjoyed tens of thousands of dollars of expenses at the time but his premature departure saw NZ$6.4m of his shares go up in smoke. Expense padding is no longer worth the risk.
https://www.ft.com/content/f1b3f744-905c-11e9-b7ea-60e35ef678d2
Prosecutors painted a picture of celebrity chefs entertaining Mr and Mrs Netanyahu’s associates at the government’s expense. For the prime minister’s supporters, the prosecution’s focus on spending at state dinners and other entertainment became proof of what the prime minister has described as a witch-hunt against him and his family. “The defendant has misused public funds,” the judge said in his ruling. Mrs Netanyahu maintained: “I have suffered enough.”
https://www.ft.com/content/7683ed90-82c9-11e9-b592-5fe435b57a3b
Cobbling together a majority in the 120-seat Knesset should have been a feat of complex arithmetic and boosting lawmakers’ egos. But over 40 days of negotiations, Mr Netanyahu focused on gaining Knesset member’s support for legislation that would shield him from a pending prosecution for corruption, fraud and breach of trust.
