majority stockholder in my friends engineering firm is using his position to do rennovations on his house, take lavish (and i mean lavish to the tune of 15000/day) vacations, buy football tickets then sell them back to the employees and pocket the cash, etc. etc. etc. all on the company credit card. some expenses are written off from the irs, others are just buried in the business so that the company not only absorbs the cost but also the taxes thereafter. when approached he just blows it off saying he is the 'owner' (51%) and there is nothing anyone can do. anyway to rectify this situation???? the rest of the staff are working 70+ hrs/wk to make up for it.