February 9, 2012 | Updated 10:53am

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Monday, March 8, 2010

The Artful Strategist

Preaching From A Bully Pulpit

By Laurence D. Cohen

Banker & Tradesman Columnist

If Internal Audit recommended, in a 63-page memo, that the highest-ranking person at the dinner table put everything on his corporate tab; that funny red drinks with umbrellas not be approved as a business expense; that only 46.5 percent of the cost of business meals would be reimbursed; if the client didn’t buy something as a result of being liquored up, the meal expense would be denied; and that lunches that lasted after 3 p.m. would be considered vacation time, with no reimbursement allowed; how should the corporation respond?

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