He was hired to head Yale’s newly established International Institute of Corporate Governance in 2001 and has since travelled the world advising governments and companies on best corporate practices – earning place on the World Economic Forum 100 outstanding global leaders’ list en route.
But now renowned economist Florencio Lopez-de-Silanes has been forced to resign his role because of financial misconduct. He was caught double-dipping on his $150,000 travel expenses bill! He has apparently admitted the error, is taking corrective action and blames the somewhat ironic circumstances of his departure on the intensity of his work focus.
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