Insurance does not exist to protect customer money should a firm decide to misuse assets.
"It's not often that you have a father and son set of foundations that are both under investigation by the same attorney general for basically misusing assets and interacting with each other in ways that cause assets to be used for non-charitable purposes". In addition, Eric Trump told Forbes that his family's golf course did not charge anything for the events, which is not true.
WPP, the world's largest advertising agency, is investigating claims that Sir Martin Sorrell, its chief executive, misused company assets.
According to reports, Charney was asked to leave after engaging in conduct that violated the company's sexual harassment and anti-discriminatory policy and misused company assets for personal and non-personal business reasons.
The world's largest advertising agency confirmed late last night that the board was investigating claims that Sir Martin had misused company assets and allegations of improper personal behaviour, following a report in the Wall Street Journal.
In a letter to H.P. employees at the time of his dismissal, H.P.'s interim chief executive, Catherine Lesjak, said Mr. Hurd "failed to disclose a close personal relationship" with a contractor "that constituted a conflict of interest, failed to maintain accurate expense reports, and misused company assets".
The Hewlett-Packard board portrayed the decision to oust Mr. Hewlett as one made only after he filed his suit last Thursday in a Chancery Court in Delaware, contending that Hewlett-Packard had misused corporate assets and misled shareholders in seeking votes to support the deal.
You have to prove the person isn't doing the job — maybe he's neglecting mom's needs or misusing assets.
The profound lack of transparency related to these risky so-called "alternative" investments provides investment managers ample opportunities to charge excessive fees, carry out transactions on behalf of the pension on unfavorable terms, misuse assets, or even steal them outright.
His termination letter accused him of misusing corporate assets.
An irrevocable trust allows you to set conditions so no one misuses the assets.
