ProPetro Holding Corp.’s former CEO allegedly charged the company nearly $253,000 for private air travel expenses. He later resigned, as did the GC and several other execs, amid an SEC investigation.
November 23, 2021 at 02:45 PM
4 minute read
Legal chiefs should brace for turbulence when executives are traveling on private jets but the company doesn’t have a formal policy for employee use of private aircraft.
Case in point: Texas-based oilfield services firm ProPetro Holding Corp. and its ex-CEO Dale Redman, who allegedly billed the public company nearly $253,000 for private air travel expenses from 2017 to 2018.
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