The Herald reports:
More than 470 of its 900 or so staff have had cards, and in the six months to January this year – a time of cost cutting – they spent $3.18 million. Almost 100 of the cards had a monthly cap of at least $10,000.
Mr Ellis racked up more than $140,000 on his own company plastic in two years – including $32,000 entertaining.
He and senior executives will be among those losing their cards, and soon there will be as few as 50 left at TVNZ.
Staff will now have to apply to get work-related expenses reimbursed, though some field staff will retain their cards.
Having half the staff with credit cards was excessive. Most companies have very few credit cards issued, and other staff are on a reimbursement system.
I’ve never had a company credit card in my life, yet in certain roles have had tens of thousands of dollars of expenses – I just file expense claims.