Boris Siperstein, then 38, of Austin, Texas, reported biking to meetings for his privateequity firm and estimated that he saved the firm several thousand dollars because he took his folding bike on business trips and used it in place of cabs. Siperstein also slept on the floor of the company’s former Manhattan headquarters rather than exceed his personal limit of $200 for a hotel room. David Payne, then 41 and a trainer for a Brooklyn, New York, software firm, often washed his clothing in the bathtub while on the road. He traveled with detergent and used local laundromats, thus saving, he estimated, $30 to $40 in hotel service fees.

a. Will you impose frugal spending limits on yourself when you are on a company expense account? Explain.

b. Is frugality morally required? Explain.

c. Do employers value frugal employees? Explain.