Executive suspended over unpaid club bill.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Savvis Inc. placed its chief executive on an unpaid leave of absence Monday while it investigates the nonpayment of charges incurred on a corporate credit card at a Manhatttan topless club. Last week, American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Co.'s Travel Related Services sued Savvis and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert A. McCormick, claiming that the executive charged $241,000 in 2003 at Scores, a Manhattan gentlemen's club A Gentlemen's club is a members' private club originally designed for male members of the English upper class. Today, however, they are generally more open about the gender and social status of their potential members. . The company said earlier Monday that McCormick did not submit the charges in question for reimbursement and that Savvis has not made any payment to American Express related to the charges. McCormick is refusing to pay the charges, alleging that Scores inflated the bill fraudulently. According to the lawsuit, Scores has been paid in full, while neither Savvis nor McCormick. has paid any of the charges. Failure to pay is a violation of the American Express corporate credit card agreement, court papers say. Savvis said President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Jack M. Finlayson was appointed as the company's acting CEO. |
|
||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion