Employees working from home during the coronavirus pandemic claimed some outlandish expenses this year, including pricey exercise bikes, facelifts and private jets.
Emburse, an expense management software company, released a compilation Wednesday of some of the craziest expenses it has seen claimed this year, some of which were actually approved. That included $1,895, which was approved as a contribution for an employee's Peloton Bike under the explanation of “for health and wellness.” On the other hand, a $7,600 expense claim for a facelift was submitted under the category of “repairs and maintenance” but was rejected, despite the pressing need to look one’s best during a Zoom meeting.
Mike LaMena became CEO of a Wealthspire predecessor firm in 2018 and helped orchestrate the combination with Sontag Advisory to become part of NFP in 2019. Including the recent integration of Lenox Wealth Advisors, he has helped expand Wealthspire into a national firm with 20 offices in 11 states and more than $20 billion in assets across its entities.
Neal Simon is chief executive officer of Bronfman E.L. Rothschild.
James Stavridis is a Bloomberg columnist. He is a retired U.S. Navy admiral and former military commander of NATO, and dean of the Fletcher School of Law and Diplomacy at Tufts University. His most recent book is "Sea Power: The History and Geopolitics of the World's Oceans."
Some expenses weren’t for working from home, but more about getting out of the house safely. An expense claim for a private jet charter costing over $20,000 was submitted and approved under the explanation of “required to limit COVID exposure for international shoots.” Another travel-related expense claim was $2,500 for a helicopter ride, which was not approved.
The $79 expense claim for a dog crate could perhaps be used for travel at some point when that's safer, but in these times it was more plausibly to provide "crate training [for] a new COVID puppy to not run into Zoom meetings."
Below is an infographic produced by Emburse showing this and several other head-scratching claims:
