Exclusive: Super Bowls and fine wines - Document describes world of Dow CEO
By Joshua Schneyer and Brian Grow
NEW YORK/ATLANTA (Reuters) - Running a Fortune 500 company is a high-pressure occupation. But as documents from Dow Chemical Co suggest, the CEO job can offer some luxuries as well.
Dow’s Andrew Liveris has had the company arrange Super Bowl getaways and other trips for himself, family and friends. According to an internal report, Liveris went on to instruct an aide, in January 2010, not to inform a group of Dow customers invited to that year’s Super Bowl that he too would be there.
“Please tell no-one I am going …….like always,” Liveris wrote to Robert Long, former head of Dow’s Customer Events Department.
Long reassured Liveris the same day, the report says: “As always- no one knows your schedule and I have your tickets on the opposite side of the stadium from the customer tickets. You are not attending any of the same events that any of the Dow customers are attending.”
Dow also bought $90,000 worth of a prized Australian wine, some that cost more than $460 a bottle, the report says. One case went to the CEO’s house. Liveris also once had three bottles sent to one of his son’s teachers.
These are among the scenes from the world of the 61-year-old CEO, as portrayed in a 29-page report prepared by a Dow internal investigator.
A Dow spokeswoman said that Liveris didn’t avoid clients at Super Bowls or other events. It had no comment on the large wine purchase or the gift to the teacher.
In May, Reuters reported that Dow internal watchdogs had a months-long standoff with the CEO over his expenses. [ID:nL1N0XW27E] The newly released documents give a granular look at some of the spending at issue. They also offer insight into the rich resources available to the CEO of a major multinational. Continued...