- Jun 20, 2007
Very realistic reply, AK could have been using that discretion daily, several times, Frank Flannery would have been key to that discretion, the pair of them had major connections into FF/FG, so the money flowed in from Govt at levels of 80/90m per annumThat 50k discretionary spending caper shouldn't be allowed anywhere. I don't think CEOs or Presidents should have that facility. It is an open door to abuse and I would like to see how that would be signed off by auditors and risk committees.
I do have authorisation to sign off on £5k in my job but I would have to explain any proposed spend under that condition. I wouldn't have it any other way as it keeps me safe from criticism if I have clearance from higher up, and have satisfied all procurement requirements.
I definitely would feel wary of any situation where I was signing off thousands in expenditure without a sound buy-in and understanding from above and all the proper paperwork.
50k without question cannot be satisfactory or even prudent for the person concerned.