We’ve all heard stories of company-issued credit cards going downhill in a hurry.
There was the case in 2009 when former Fiesta Bowl CEO John Junker eventually pleaded guilty to charges of running a fraudulent campaign-contribution scheme so he could give his executives trips to strip clubs, free meals, etc.
Apparently, the Missouri director of video operations isn’t immune to spending some money on the company’s dime that he shouldn’t be.
Michael Schumacher spent $7,605.50, including a $2,000 tip on a $4,400 bill in May 2011 at the Olympic Garden, a strip joint in Las Vegas. Schumacher apparently went to the strip club by himself, too.
A couple things come to mind here: Did you really think you’d get away with this?
According to the university, Schumacher has since repaid the money. Which brings me to my second question: Why use the company card when you can afford to pay it back on your own?