posted on Nov, 3 2019 @ 12:27 AM
So I work in a pretty crazy world, very fast, very complicated, and it takes some very 'complicated' people to survive in said world. In other
words, it takes a bunch of nut cases.
For many years the company used to give us no-limit AMEX cards (I mean like seriously...NO limit). The reason was, we could have to spend $20-30k on
the spur of the moment and the corporate wheels of bureaucracy moved too slow for this. We could get a phone call and have to run to the airport and
buy $20,000 worth of plane tickets/hotels and be on the next flight to Asia, or...Mars (or where ever). Of course, these cards were in our names, so
we were actually the cardholder, and the company just underwrote the credit limit (which was unlimited). I'm sure there was some limit, but it was
more than I ever knew.
Anyway, as most ginormous companies do, they got greedy after a while. They found out that some people were using their own personal credit cards for
company expenses, and then expensing them off. This way THEY (and not the company) could get the perks / miles / cash-back for the money passing
through their cards. So the company, greedy bastages, made a rule that you couldn't use anything other than your company card for business expenses
(because they were getting huge kick-backs for the same thing from AMEX). So, they made this rule, and it was to go into effect at the end of the
year (it was about August when it was published).
Now one funny part about all this was, the company actually encouraged us to use the company card for personal expenses. Sure, you had to pay the
bill for the personal stuff, but they didn't care. Well, this pissed a whole lot of people off (me included) because some people were pulling down
some pretty hefty cash-back checks every year from our business expenses. I was just a small fish, and I was getting $9-10k back a year on my Citi
card, so you can imagine what some of the real heavy-hitters were getting (probably $40-50k annually).
So, there was about 4 months left to go before all personal credit cards were banned for business expenses. You could use your personal card, but the
company wouldn't reimburse it. You had to use your company AMEX. Lots of folks were grumbling, and it really was pretty S#tty for a variety of
reasons which go beyond this post.
I wish I could say I didn't know this guy, but comically he was actually in our division and group. He was royally pissed, and generally just a
crazy dude anyway. He was also a superstar at what he did, and had head-hunters burning his phone down, so he didn't give a crap.
One day this guy goes down to the car dealership and buys a $142,000 Porsche and puts it on his company AMEX (no kidding either!).!!!
Well....lemme tell ya...the S# hit the fan BIG TIME! Bells and whistles went off from hell to breakfast in the company. I think the CEO even got
involved! The guy who bought the car didn't care...hell, they TOLD us to use their damn card for personal purchases! And, so he did!
It actually wasn't a joke, the guy had the money and planned on paying the car off the following month from the proceeds he had from selling a small
plane when his bill showed up. But, there was a problem. LOL! You see, the company never thought about someone buying some huge dollar asset. So
now the company had this asset on their books and it created all sorts of problems. It was actually pretty hilarious because they got stung by their
own stupid greedy policy.
So what did they do???? LOLOL! This is the best part! They came around and made us all surrender our company AMEX cards! LOLOL!! DOH!! Well,
this backfired on them twice as hard because the next time they needed someone to go do something in an emergency all the person had was their own
personal credit card (which they would get the cash-back on), but most personal cards don't have unlimited credit like a multi-billion dollar company
card does...and this created a fiasco! DOH!! DAMMIT, just...DAMMIT!!! LOL! (just brings an ear to ear grin to my face every time I tell this
story). It gets better too! So then they issued our group these Citi black cards, but they were Mastercard. (this is too funny). Well, if you've
ever had a mastercard, you know that not every place takes MC, they'll all take VISA, but not MC...especially internationally (where we travel a
So, at the end of the day, we still have to use our personal cards, and get the miles...and they're still pissed about that!