Full-bodied expense account

David Brooks, CEO of a company that that made body armor for the military, is accused of fraud, insider trading, and using corporate funds to support his lavish lifestyle. You know, all the usual stuff. What's a bit unusual is the extent of his spending. From the NYT:

[U]niversity textbooks for his daughter, pornographic videos for his son, plastic surgery for his wife, a burial plot for his mother, prostitutes for his employees, and, for him, a $100,000 American-flag belt buckle encrusted with rubies, sapphires and diamonds.

As for the prostitutes:

His lawyers also defended the hiring of prostitutes for employees and board members, arguing in court papers that it represented a legitimate business expense "if Mr. Brooks thought such services could motivate his employees and make them more productive."

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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