disagree with your position he must go or must publicly apologize; but in the absence of a policy prohibiting the useage for private purposes, there was no crime.
Extremely poor leadership that it took 2 months for him to repay.
Perhaps he does need a more stern lesson. Perhaps donate a month's salary to a worthy charity. Let him feel what it's like to be "unemployed" for a month through not getting a paycheck.
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