The NRA’s CEO and Spending: Too Frequent a Problem for Leaders

Someone leaked some NRA internal documents that explain Oliver North’s concerns about Wayne LaPierre’s spending as CEO at the NRA. The following expenses were billed to the NRA’s ad agency, Ackerman McQueen, Inc.

–$39,000 for one day of shopping at a Beverly Hills boutique
–$18,300 for a car and driver in Europe
–$13,800 rent for a summer intern
–$200,000 for air transportation for one month
–$40,000 for transportation from Washington, D.C. to the Bahamas on December 17, 2012
–$29,000 for transportation from the Bahamas to Dallas on January 3, 2013
–$6,000 for Four Seasons hotel lodging for a 2014 trip to Italy and Budapest (hotbeds for gun discussions)

The NRA has said that the expenses were necessary for “donor outreach” and were approved.

The approval is not the issue. The wisdom of the expenses is. When, oh when, will CEOs resist the temptation to spend other people’s money. From Nissan’s Ghosn to GE’s Immelt and way back to Kozlowski at Tyco, Thain at Merrill,and cabinet secretaries, here’s some advice: Spend your own money like those of us who have to buy our own clothes out of our own budgets and still manage to be dressed appropriately. Buy your own furniture. And find some way to stay in touch with those who must live on a budget and yet still manage to give generously to others. In short, staying out of private jets, private limos, and the Four Seasons will give you a taste of how donors, employees, and many shareholders live. Prick your consciences with reality.

About mmjdiary

Professor Marianne Jennings is an emeritus professor of legal and ethical studies from the W.P. Carey School of Business at Arizona State University, retiring in 2011 after 35 years of teaching undergraduate and graduate courses in ethics and the legal environment of business. During her tenure at ASU, she served as director of the Joan and David Lincoln Center for Applied Ethics from 1995-1999. In 2006, she was appointed faculty director for the W.P. Carey Executive MBA Program. She has done consulting work for businesses and professional groups including AICPA, Boeing, Dial Corporation, Edward Jones, Mattel, Motorola, CFA Institute, Southern California Edison, the Institute of Internal Auditors, AIMR, DuPont, AES, Blue Cross Blue Shield, Motorola, Hy-Vee Foods, IBM, Bell Helicopter, Amgen, Raytheon, and VIAD. The sixth edition of her textbook, Case Studies in Business Ethics, was published in February 2011. The ninth edition of her textbook, Business: lts Legal, Ethical and Global Environment was published in January 2011. The 23rd edition of her book, Business Law: Principles and Cases, will be published in January 2013. The tenth edition of her book, Real Estate Law, will also be published in January 2013. Her book, A Business Tale: A Story of Ethics, Choices, Success, and a Very Large Rabbit, a fable about business ethics, was chosen by Library Journal in 2004 as its business book of the year. A Business Tale was also a finalist for two other literary awards for 2004. In 2000 her book on corporate governance was published by the New York Times MBA Pocket Series. Her book on long-term success, Building a Business Through Good Times and Bad: Lessons from Fifteen Companies, Each With a Century of Dividends, was published in October 2002 and has been used by Booz, Allen, Hamilton for its work on business longevity. Her latest book, The Seven Signs of Ethical Collapse was published by St. Martin’s Press in July 2006 and has been a finalist for two book awards. Her weekly columns are syndicated around the country, and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times, Washington Post, and the Reader's Digest. A collection of her essays, Nobody Fixes Real Carrot Sticks Anymore, first published in 1994 is still being published. She has been a commentator on business issues on All Things Considered for National Public Radio. She has served on four boards of directors, including Arizona Public Service (1987-2000), Zealous Capital Corporation, and the Center for Children with Chronic Illness and Disability at the University of Minnesota. She was appointed to the board of advisors for the Institute of Nuclear Power Operators in 2004 and served on the board of trustees for Think Arizona, a public policy think tank. She has appeared on CNBC, CBS This Morning, the Today Show, and CBS Evening News. In 2010 she was named one of the Top 100 Thought Leaders in Business Ethics by Trust Across America. Her books have been translated into four different languages. She received the British Emerald award for authoring one of their top 50 articles in management publications, chosen from over 15,000 articles. Personal: Married since 1976 to Terry H. Jennings, Maricopa County Attorney’s Office Deputy County Attorney; five children: Sarah, Sam, and John, and the late Claire and Hannah Jennings.
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