[SF Republican]

I know my little honey would be glad to hear I only spent $20,000 this way

[varyouga]

Exactly, how do you spend even $20k in one night at one of these joints.

[Osage Orange]

Savvis Places CEO on Unpaid Leave

Monday October 24, 10:20 pm ET

Savvis Places CEO on Unpaid Leave Following Lawsuit Over Unpaid Strip Club Bill

NEW YORK (AP) -- Savvis Inc. placed its chief executive on an unpaid leave of absence Monday while it investigates the nonpayment of charges incurred on a corporate credit card at a Manhatttan topless club.

Last week, American Express Co.'s Travel Related Services sued Savvis and CEO Robert A. McCormick, claiming that the executive charged $241,000 in 2003 at Scores, a Manhattan gentlemen's club.

The company said earlier Monday that McCormick did not submit the charges in question for reimbursement and that Savvis has not made any payment to American Express related to the charges.

McCormick is refusing to pay the charges, alleging that Scores inflated the bill fraudulently. According to the lawsuit, Scores has been paid in full, while neither Savvis nor McCormick has paid any of the charges. Failure to pay is a violation of the American Express corporate credit card agreement, court papers say.

Savvis said President and Chief Operating Officer Jack M. Finlayson was appointed as the company's acting CEO.

In its release Monday, Savvis also said it won't comment further on the matter until the investigation is complete. The company, based in suburban St. Louis, provides information technology services.

NOTE: SVVS ( nasdaq ) Closed at .66 cents today....

[KSCITYBOY]

The guy should not be a CEO. He obviously has no concept of getting the most bang for his buck. What a moron for spending 20k in a strip club.What p*ss poor investing.

[Fog Nozzle]

From the Savvis web site: ROBERT McCORMICK has served as the Chairman of our board of directors since April 1999 and as Chief Executive Officer since November 1999. In 2003, he was named “Person of the Year” by Service Provider Weekly. Before joining us, Mr. McCormick served as Executive Vice President and Chief Technical Officer of Bridge Information Systems, Inc., where he also held various engineering, design and development positions dating back to 1989. Mr. McCormick attended the University of Colorado at Boulder.

This might be a clue.

[NavVet]

That's a lot of one dollar bills.

[Cobra64]

I haven't spent a dime in years looking at boobs. I like it better for free every night at home. Been doin' it for almost 34 years of marriage to the same 55 year old babe of my dreams.

/pant (yes P-a-n-t)

[LenS]

Well, any CEO spending 20 grand in a strip joint is an idiot. But it does seem that this club has a long record of overcharging customers. Almost a quarter of a million? For what? Where they selling the girls as slaves? Serving baby pandas as snacks? Pouring out wine found in the Valley of the Kings? Cloning Mata Hari and getting her to dance?

I'm guessing that most clients, once they sober up, just pay up out of embarrassment. Still, I'm surprised that a strip joint doing this type of stuff would get any repeat business or that word of mouth wouldn't kill them.

[Sonny M]

It probably is fraud.

Scores is notorious for being mobbed up and its a mafia run and controlled place.

Thats not even a secret to anybody.

[Mr. K]

I am guessing that occasionally the owner gets away with this