This type of behavior is nothing new. Years ago, I worked as a developer at a very large silicon valley based company. Everyone here would recognize their name.

It was common knowledge that the "corporate art" on the walls of the buildings was owned by various members of the "C-Suite" and leased back to the company.

Don't even get me started on the private loans given to members of the C-Suite and Board then subsequently "forgiven".

I used to rage about it every time they published their financials.