Three Cups of Deceit by Jon Krakauer

Author:Jon Krakauer
Language: eng
Format: epub
Publisher: For the Benefit of Mr. Kite
Published: 2010-12-31T16:00:00+00:00

Debbie Raynor, CAI’s chief financial officer at the time, remembers this missive well, because it matched her own experiences with Mortenson so precisely. When my letter rattled out of the CAI fax machine, she had been trying, unsuccessfully, to persuade Mortenson to document his expenses for the previous eight months. She had come on board as CFO in July 2003, and her duties soon expanded to include staff supervisor and board treasurer. By the summer of 2004, however, Mortenson’s conduct made it impossible for Raynor to continue working for CAI in good conscience. As she explained in a memo to the CAI board of directors,

there were no meaningful financial policies or procedures in place when I started my employment. I endeavored to rectify that situation and bring about necessary and much needed financial controls…These new policies were fully discussed and implemented with full approval by Mr. Mortenson. The staff readily complied with these new policies ensuring an accurate account of expenses. However, Mr. Mortenson has failed to comply in any meaningful manner with these policies…Since the start of my employment, Mr. Mortenson has spent over $100,000 on CAI’s credit cards. Mr. Mortenson has never provided any receipts for these expenses, and repeatedly ignored my requests for their submission…Mr. Mortenson has refused to submit even one travel voucher…In order to allocate indirect expenses, it is imperative that I receive time sheets from all employees. Since March 2004, Mr. Mortenson has failed to submit a time sheet…

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