Here is the scenario:
A COO was using the company credit card to buy himself lunches every day (even though he is being paid nearly half a million annually.)
Various Board Members insisted on flying business class even though the company was in a serious deficit
In spite of their fiducial obligation to shareholders, Senior Managers used their expense accounts on a regular basis to lavish themselves at dinner parties at a 4-star restaurant.
Senior management decisions included:
Making it difficult for customers to address (and resolve) issues – thus providing poor customer service.
Commonly decreased parking availability for their customers
And to address all of the company shortcomings decided that yes! It was time to request another price increase.
What would you do?
- Would you demand better accountability?
- Suggest that the company work with in its budget?
- Demand a comprehensive audit?
- Fire the board of directors?
- -and would you still want to be a shareholder?
Drawing from his own successful business experience, John understands the importance of fiscal responsibility and thorough accountability for all team members. This has allowed him to save clients countless dollars by calling out inefficiencies and poor management. Contact us today to begin a full financial audit to ensure you’re not wasting money. Contact
Sadly, this article is really about how the city of Austin has been managing the taxpayers money.