Bailed-Out Firms Post Expense Rules

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	Bailed-Out Firms Post Expense Rules

ratilfar

9-12-2009 2:51 PM

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bail, outs, companies, business, expenses, rules, compesation, money

ratilfar says:

$4 In-Flight Movie? You're on Your Own.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8333d32e-ca87-4d95-9abb-8ebc837c2aaf/B69CA950-A064-4FDF-B1BA-5384CFA71A8C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.washingtonpost.com/wp-dyn/content/article/2009/09/11/AR2009091103772.html?hpid=topnews" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/09/11/AR2009091103772.html?hpid=topnews" style="font-size: 11px;">www.washingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.washingtonpost.com/wp-dyn/content/article/2009/09/11/AR2009091103772.html?hpid=topnews"><P>
NEW YORK, Sept. 11 -- Chrysler Financial employees traveling on business can no longer be reimbursed for lunch on trips that don't require an overnight stay. If flying on business, they must travel coach if the flight is less than four hours. Tips to baggage handlers shouldn't exceed $2 per bag. The $4 paid for the in-flight movie? Not reimbursable.
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Under rules issued by the Treasury Department in June, the boards of directors of companies receiving federal assistance must adopt company-wide policies on luxury expenditures -- including entertainment, office renovations and air travel -- and make them available online.
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The law requires that the companies have a policy regarding luxury expenses and largely does not dictate the content of the policies. It does say that prohibited expenses and those needing prior approval must be identified, and it mandates prompt internal reporting of any violations.
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