The president of a company has paid himself a large salary, a handsome bonus, received a large number of lucrative stock options, and hired his family members at high salaries. The president is probably guilty of
A) collusion.
B) improper financial management.
C) cheque kiting.
D) misrepresentation of finances.
E) insider trading.

Question

Quizplus · Accepted Answer

The president is most likely guilty of improper financial management as he is paying himself excessively and hiring family members at high salaries, which could be seen as a misuse of company funds. Collusion involves a secret agreement between multiple parties, cheque kiting involves intentionally writing bad checks, misrepresentation of finances involves intentionally misrepresenting the company's financial situation, and insider trading involves using confidential information to trade stocks. None of these directly apply to the scenario given.

The President of a Company Has Paid Himself a Large