Dow Chemical CEO is sorry for partying

LINK

The CEO of Dow Chemical took secret Super Bowl getaways and bought $90,000 worth of fine wine

Dow also bought $90,000 worth of a prized Australian wine, some that cost more than $460 a bottle, the report says. One case went to the CEO's house. Liveris also once had three bottles sent to one of his son's teachers.

Dow disclosed in 2011 that Liveris had reimbursed the company $719,923 for expenses described as "not primarily business related."

Among the events Wood examined were Super Bowl weekends the CEO held with "family and friends" in 2008, 2009, and 2010.In some years, details in the report indicate, Liveris sought to avoid mingling with Dow customers, inside or away from the stadium. The report says that "since at least 2008, the Super Bowl programs have been split into two hotels, one for ANL's guests and one for the other Dow group.""ANL" are the initials for "Andrew N. Liveris."Wood cites email exchanges between Liveris and Long, the customer-events manager, ahead of the 2010 game between the New Orleans Saints and Indianapolis Colts in Miami. The Liveris Super Bowl party had 14 members in 2010. A preliminary invoice for the group's four-day trip came to $218,938.

In 2010, Long, based in New Jersey, bought approximately $90,000 worth of Grange on a Dow credit card, the report says, some that cost "in excess of $460 per bottle."

Three cases were shipped to Dow in Midland, Michigan, on a corporate jet, the report says. One went to Liveris' house and two to a Dow-owned hotel.