Skechers Board Sued for CEO’s Exotic Vacations With Company Jet

Top executives at Skechers USA Inc. allegedly cost the footwear maker millions of dollars by hopping on corporate jets for personal jaunts to vacation hot spots such as Fiji, Bora Bora and Hawaii — and the company’s directors didn’t do anything to stop them.

Those are the accusations at the heart of a lawsuit playing out in Delaware Chancery Court against Chief Executive Officer Robert Greenberg and his two sons — who also serve as Skechers executives. Directors made no effort to put reasonable limits on executives’ personal use of the company’s assets, Melinda Nicholson, a Louisiana-based attorney for ...