<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Mikey likes it:
As far as I am concerned, absent full disclosure and agreement by the person responsible for paying the bill, this is the same thing as stealing office supplies or of charging personal trips to the company account.</font>
You are on a slippery slope here. Your logic could easily be extended to cover FF miles that you and I earn on company-paid travel. That said, I agree with your analysis.
Besides, points for travel you take personally, usually including hours well beyond 9 to 5, are qualitatively different from points for travel that you only booked. Secondly, most companies and even the federal government are aware and have resigned themselves to employees' personal use of FF miles. The same cannot be said of points for arranging meetings.