Find The Boots

Rantings from a few corporate types about life, technology, travel, guns, politics, and everything good in the world.

Oooooppppps

Tuesday, August 08, 2006

In today's WSJ:

Semiconductor maker Atmel Corp. said it fired four senior executives, including longtime Chief Executive George Perlegos, following an investigation into allegations regarding the "misuse of corporate travel funds."
George Perlegos, a former engineer at Intel Corp., founded Atmel in 1984 and has since served as the San Jose, Calif., company's chairman, chief executive and president. The company said it also terminated his brother, Gust Perlegos, who has served as a director and senior executive at Atmel for more than 20 years.

Also:

The company said Monday it also fired its general counsel and its vice president of planning and information technology, whom it did not name in a press release.

Ok, founder/CEO of $1B+ company gets fired for bad expenses. And his brother. And the CIO. And the top lawyer.

I would pay $100 to know what the heck these guys did. Heck, I will fly to San Jose and get someone drunk on a bottle of expensive Scotch to find out what happened.

Was he using the corporate jet to fly Nuns to get drunk with Puffins or something? I simply cannot imagine how the board swept up that many senior executives.

The Boots flag will be flying half mast today, for clearly we have lost great leaders.

0 Comments:

Find The Boots

An executive goes on a business trip. When he arrives, it's raining cats and dogs. To avoid ruining his shoes, he purchases a pair of galoshes for $15, which he expenses under "Misc." on his expense report. A week later, the accounting department rejects his expense report, with a post-it note that says that the company does not reimburse for items of clothing. The next trip, the executive turns in an expense report without the galoshes, but with a post-it note that says "FIND THE BOOTS!".