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    Executive Misbehavior
    Executive Misbehavior
    Executive Misbehavior
    Ebook175 pages1 hour

    Executive Misbehavior

    By Paul DiBrito

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    About this ebook

    A company's biggest liability may often be the misguided values and integrity of its own leadership! DiBrito's book exposes problems that occur when the leaders in a corporation are unaware of the lack of responsibility of the top employees, or choose to ignore transgressions of ethical behavior. A company can rise or fall through the actions of its executives. DiBrito's interesting book brings to the fore so much the public, or even a corporation itself, is often not aware of. EXECUTIVE MISBEHAVIOR should make an impact on the conscience of America's corporate leaders.

    LanguageEnglish
    PublisherTaylorandSealePublishing
    Release dateOct 29, 2014
    ISBN9781940224718
    Executive Misbehavior
    Author

    Paul DiBrito

    Paul DiBrito has held executive positions in several large corporations – excellent and successful companies, as well as a few that did not fare well over the years. Currently, he is the Principal of Cornerstone Consulting Services, a consulting company he started to help companies that want to grow and/or to reduce costs. He uses his experience to advise companies how to grow or to fix their corporations. In the past several years, he has consulted with large and established companies and small to medium growth companies, as well as startup companies.

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      Book preview

      Executive Misbehavior - Paul DiBrito

      EXECUTIVE MISBEHAVIOR

      Paul DiBrito

      Taylor and Seale Publishing

      EXECUTIVE MISBEHAVIOR

      Paul DiBrito

      Copyright 2014

      Taylor and Seale Publishing, LLC Daytona Beach Shores, Florida
      www.taylorandseale.com

      All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without permission in writing from the author or publisher. This book was printed in the United States of America.

      This is a Smashwords edition.

      Cover & page layout by WhiteRabbitGraphix.com

      Wholesale on www.taylorandseale.com

      Disclaimer

      The material in this book is designed to provide helpful information on the subjects discussed. The author has created a portfolio of experiences from different types of companies. Situations, incidents and dialogues may be factual, but are often an amalgamation of experiences. It is not meant to be used, nor should it be used, to pinpoint any person, company or situation. The characters and companies in this book have fictional names in order to preclude any resemblance to persons living or dead. If they do, this resemblance is entirely and purely coincidental.

      This information is provided and sold with the knowledge that the publisher and author do not offer any legal or other professional advice. This book presents a composite of experiences and knowledge from the author’s memories in dealing with executives and companies of diverse status. It does present challenges that executives are exposed to as well as temptations and wrong directions that come easily through their jobs. It is simply an expose’ of bad practices that are sometimes unethical. These are presented here to help business people keep to high standards which will ultimately reflect well on all individuals engaging in business.

      In the case of a need for any particular expertise, consult with the appropriate professional. This book does not contain all information available on the subject. This book has not been created to be specific to any individual’s or organizations’ situation or needs.

      Every effort has been made to make this book as accurate as possible. However, there may be typographical and or content errors. Although the author and publisher have made every effort to ensure that the information in this book was correct at press time, the author and publisher do not assume and hereby disclaim any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from negligence, accident, or any other cause. Therefore, this book should serve only as a general guide and not as the ultimate source of subject information. This book contains information that might be dated and is intended only to educate and entertain. The author and publisher shall have no liability or responsibility to any person or entity regarding any loss or damage incurred, or alleged to have incurred, directly or indirectly, by the information contained in this book.

      The content of each chapter is the sole expression and opinion of its author, and not necessarily that of the publisher. No warranties or guarantees are expressed or implied by the publisher's choice to include any of the content in this volume. Neither the publisher nor the author shall be liable for any physical, psychological, emotional, financial, commercial or other damages, including, but not limited to, special, incidental, consequential or other damages.

      Table Of Contents

      About the Author

      Preface

      Chapters

      1. Company Airplanes

      Misuse Of Power

      What Really Goes On In The Air?

      Are All Trips Necessary?

      Hop, Skip And A Jump

      Suggestions For The CeO

      2. Company Cars

      The Car Program

      The Personal Dealership

      Eliminating The Car Program

      Suggestions For The CeO

      3. Travel

      I Get A Free Vacation

      What’s Mine Is Mine

      Basket Of Goodies

      Travel Department Structure

      Unused Tickets

      Doing My Own Thing

      Travel With The Spouse

      Suggestions For The CeO

      4. Expense Reports

      Executive expense Reports

      Reimbursement expectations

      Who Gets Stuck With The Check

      Lunch expense

      Suggestions For The CeO

      5. Dues And Subscriptions

      The Wall Street Journal

      The Disturbing Trend

      Club Memberships

      Suggestions For The CeO

      6. Relocation

      My Relocation Packages

      Mark & Tom

      Make Up Your Mind Please

      The Program Itself

      Suggestions For The CeO

      7. Conferences, Conventions & Tradeshows

      Jimmy

      Let’s Go Home Boys

      Las Vegas

      Suggestions For The CeO

      8. Real Estate

      What?

      Nobody Knew

      Executive Gorillas

      Shopping Center P&L’s

      Suggestions For The CeO

      9. The Brother-In-Law Deals

      Really, That’s What You Want Me To Do

      Pick A Side

      Got Gas

      Suggestions For The CeO

      10. Capital Expenditures/Company Assets

      I Don’t Care

      The Deceiver

      The Saw Blade

      Out Of Sight Out Of Mind

      Suggestions For The CeO

      11. Miscellaneous & Other Expenses

      The Audit

      Other expenses

      Suggestions For The CeO

      12. Executive Entitlement

      It’s All About Me

      The Survey

      Executive Parking

      You Can’t Be Serious

      The Bonus

      Why Do I Always end Up In Memphis?

      Closing Comments

      Glossary

      About The Author

      Paul DiBrito

      Paul DiBrito has held executive positions in several large corporations – excellent and successful companies, as well as a few that did not fare well over the years. Currently, he is the Principal of Cornerstone Consulting Services, a consulting company he started to help companies that want to grow and/or to reduce costs. He uses his experience to advise companies how to grow or to fix their corporations. In the past several years, he has consulted with large and established companies, and small to medium growth companies as well as startup companies.

      He has been an officer of several companies and has held positions as Chief Operating Officer, Chief Development Officer, Sr. Vice President, Vice President and Director. Not surprisingly, he has also had unofficial titles such as The Change Agent, The Cost Containment Czar, The Axe Man, The Chairman’s Guy, Mr. Fix It, The Cheap B@#$&#@d and even Saint Paul - but he tries to forget those.

      He has overseen areas such as Operations; Merchandising; Corporate Procurement; Real Estate & Construction; Maintenance; Cost Containment & Capital Spending; Car, Truck and Airplane Fleets; Travel and Office Services. Furthermore, he has touched almost every major department of several organizations, and even minor areas such as Credit Cards, Cell Phones and Dues & Subscriptions. Because of his extensive knowledge of single store operations as well as multi unit programs and warehouse and corporate office operations, many of his consulting assignments have focused on strategy and growth, as well as on cutting cost and implementing procedures to reduce expenses.

      He says his motto is CHEAPER, FASTER, BETTER because he has always had an attitude of thrift and a love of challenge. His cost-conscientious ways were well noted and usually well received – unless they interfered with an executive’s excessive need for luxury or comfort – which is what this book is all about. How many times have you heard the executive leaders of corporations stressing the need to the masses to save money, spend less, work harder, cut payroll and eliminate bodies -- but then personally do the exact opposite?

      Although the reader may think there is no way the ridiculous executive misbehavior exists, and wonder how executives can get away with it, DiBrito assures the reader that it does and they do – but hopefully only for a short time. One executive's bad financial decisions (as described in this book) could actually destroy a company, and the CEO may not even know what is going on until it’s too late. These people are supposed to be the CEO’s top advisors, confidants and trusted generals helping him run the company. DiBrito presents them as real people who may have gone astray because he believes that at times their 'entitlement' skews their ability to make the right decisions!

      Author photo by Kyle Gregory

      KG Photography

      www.kgcapture.com

      Preface

      I would like to make it clear from the start that this book targets the top levels of corporations, the COOs CFOs, EVPs, SVPs and in some cases the VP and Director positions. Naturally, there is a trickle-down effect to the lower levels, but I believe the root of the problem is mainly at the top. There is a great sense of entitlement – I’ve worked my way up the ladder therefore I DESERVE respect and all the rewards and perks that goes with it. A do as I say, not as I do mentality.

      The main purpose of this book is not to focus on any potential misbehavior of the CEO. I believe that since the CEO has the ultimate responsibility (and blame) for the company’s overall success, he can basically do whatever he feels is needed to run the company. This book is mainly to enlighten the CEOs of potential troubles with their executive staff’s bad spending habits, but it is also for informing the general public about executives’ bad decisions and practices. From my personal experience, I am not positively sure some CEOs fully understand what is going on with their trusted confidants in charge of companies - the executive group.

      I also want to be very clear that this book is about bad spending practices and bad fiduciary decisions. This book is not about illegal or immoral acts. It’s not about girl friends in paid apartments or sexual harassment. It’s not about failed marketing strategies or bad merchandise and operational practices. Do you remember the old detective show Dragnet? Sergeant Friday who always used to say – just the facts ma’am!? Well that’s what this book is about, just the facts. Do you also remember at the beginning of the show the announcer would give the disclaimer The names and locations have been changed to protect the innocent. In this book I’ve changed the names, locations, values and venues to protect the guilty. Those guilty of "executive Misbehavior" that is!

      Chapter 1

      Company Airplanes

      If you have ever flown on a company airplane, you will understand when I say that they are AWESOME! When they are used properly, they can be a great time saving asset to any executive, but when abused by Executive Misbehavior, they become a very expensive personal toy. The misuse of company planes is a major corporate expense. Unfortunately, throughout the years the corporate jet has become a symbol of prestige and entitlement for company officers.

      I have worked for/with several companies that had company planes, from one jet with two pilots to a fleet of five with over a dozen pilots. I would guess I have been on over 200 flights on these planes throughout my career.

      As I did my

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