Lavish Spending For Corporate Events

The Washington Post reported Thursday that the massive General Services Administration company has been horrendously mismanaged financially. The author provides evidence to back up his claim by explaining how off budget the company was when planning a lavish team-building event at a resort in Las Vegas. The original budget for this event was 300,000 dollars and quickly spiraled out of control to a whopping 823,000 dollars. The author also acknowledges the poor choice to give the organizer of this event a bonus of unspecified quantity anyway after a board of directors determined that it would be inappropriate to do so. The man who received this bonus is Jeffrey E. Neely, the manager of the company. He has been placed on administrative leave as more information is coming to light about how spending was mismanaged by Neely and his team. All of this evidence very effectively backs up the author's claim that spending was very poorly overseen and led to lavish parties and bonuses in the midst of the economic downturn. All of this spending for the conference was reportedly for Neely to ensure that "the infamous Las Vegas planning conference had to be 'over the top'".
http://www.washingtonpost.com/politics/gsa-manager-wanted-over-the-top-vegas-conference/2012/04/05/gIQAwu3KyS_story.html?tid=pm_pop&sub=AR