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Armand Hammer: Occidental Accounting

"After taking the company public, Armand Hammer, the founder of Occidental Petroleum, used Occidental's assets to buy a $5.8-million Leonardo da Vinci notebook (which Hammer renamed after himself), finance an art museum (named after himself), and fund the second volume of his autobiography. And he kept collecting a million-dollar salary long after he stopped doing any real work, and even after he died."

[The Rigas family, which founded Adelphia Communications, used corporate money to build a golf course, fund an independent film, and buy an NHL hockey franchise.]

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