What legal rights do we have under employment law with an employee who has been using company stock to do personal cash jobs in his own time? As well as using company vehicles, credit cards etc. We found out that he is also starting his own business in competition whilst still employed by our company. We feel that in the last 8 months he has been intentionally running our company into the ground and taking much needed cash flow for his own benefits. We have kept our employees on when times have been really hard as a gesture of goodwill and we are shocked that we have been screwed over by this employee. What can we do?