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Latest NewsDiscipline and grievancesDismissalEmployment tribunals

Financier sacked for £11,700 company card bill wins damages

by Kavitha Sivasubramaniam 14 Oct 2024
by Kavitha Sivasubramaniam 14 Oct 2024 Shutterstock / Anucha Tiemsom
Shutterstock / Anucha Tiemsom

A financier who charged £11,700 to his corporate credit card while on holiday after his wallet was stolen has been awarded £25,000 in damages.

Simon Price was sacked from his job as a managing director at Canada Pension Plan Investment Board (CPPIB) for using his American Express card to pay his bill at the five-star Hotel Cipriani in Venice.

The 52-year-old, who was on holiday with his daughter in August 2023, had no other means of settling the bill at the time but promptly repaid the amount through the company’s ‘reverse expenses’ system when he returned.

He won his wrongful dismissal claim against CPPIB after an employment tribunal ruled his bosses simply “did not approve of the amounts the claimant was spending”.

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The hearing in central London was told Mr Price had been on a month-long holiday, visiting New York and Venice with his daughter before travelling to Albania with his partner, when his personal bank cards was stolen in New York. He continued the trip using his company card since the new cards he had ordered were being sent to his home address.

Price, who had been working for the global investment firm since October 2022, also used the company card to pay for a flight to New York for his daughter, who was under 18 and in Pennsylvania at the time.

“He had to arrange and pay for a replacement flight. His corporate credit card had been kept separately from his other cards in his work bag and had not been stolen. He was aware of a mechanism to file ‘reverse expenses’ and therefore used the corporate credit card with the intention to pay back any sums charged to that card for personal expenses,” the tribunal was told.

On his return from holiday, Price submitted the paperwork for his expenditure to be deducted from his salary but after being told all was resolved in December 2023, an internal query was then raised about the high value of the expenses.

In January 2024, when questioned about his trip to Albania, Price had lied and said he had travelled  there with his daughter because he did not want to share personal information about his relationship.

However, the tribunal ruled Price had not acted dishonestly relating to the use of the company card, finding: “it is not for the respondent to suggest that he should stay at a more modest hotel in Venice”  and that he “is a high earner and is entitled to spend what was, ultimately, his money as he saw fit”.

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Kavitha Sivasubramaniam

Kavitha Sivasubramaniam is an experienced journalist, editor and communications professional who has been working in B2B publishing for more than 17 years. After graduating from Bournemouth University with a degree in Multi Media Journalism, Kavitha started her career in local and regional newspapers, before moving to consumer magazines and later trade titles, as well as PR. Specialising in pay and reward, she has been editor of a number of HR publications including Pay & Benefits, Employee Benefits, Benefits Expert, Reward and CIPP’s membership magazine, Professional. In June 2024, she won Pay, Reward and Employee Benefits Journalist of the Year at the Willis Towers Watson media awards. She was also named one of Each Person’s top 20 influential HR bloggers and managed a highly commended content team of the year in 2019.

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