Simon Price, a “high earner” who worked in active equities at the Canada Pension Plan Investment Board’s London office, was fired for using a company credit card for personal expenses when his wallet was stolen. He later repaid them. The judge awarded Price £25,000 in damages. (Financial Times)

Talking point: The case underscores the potential complexities for staff and employers when it comes to corporate cards. Price had received permission to use the card for expenses, which included a British Airways flight to Albania, and agreed to repay the company through a “reverse expense claim.” CPP’s HR office in Canada later contacted him to ask about the amount and reasons for his spending, including why he had initially said he was in Albania with his daughter when he was actually travelling with his girlfriend. CPP then fired him for “gross misconduct,” which Price challenged at the employment tribunal. “I accept his evidence that he did not want to share information which he regarded as sensitive and personal,” the judge said in his ruling Thursday, “where the information itself had no significance.”