misallocate
verb
                                                                                                                            
                                                            mis·al·lo·cate
                    
                                                                                                              
                                                                                                                                  ˌmis-ˈa-lə-ˌkāt 
                                                      
                                                          
            
            
              misallocated; misallocating            
        
    
                                
              
          
                                                      : to allocate (something, such as money or resources) poorly or improperly                                      
              
                             
allegedly misallocated company funds
                                       Top managers misallocate resources, overpay themselves, and ignore other, possibly better ways of motivating employees—all because giving out options is "free."—
Justin Fox
                         
                
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  Merriam-Webster unabridged




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