A coworker of mine was just sent by the company to a Microsoft conference. At the conference, attendees were given Microsoft's new tablet and the Lumia 920. During our weekly meeting, my coworker was told by our boss that the giveaways were hers to keep for her own personal use. She mentioned that she didn't have any use for the phone, and my boss mentioned he wished he had one. She ended up giving it to him.
I don't really know how to handle the situation. It makes me very uncomfortable. The phone is a 700 dollar value. I feel like that kind of gift creates a strange dynamic, but our team only has three people besides our boss. I feel if I say something to HR, it won't be very hard for the boss to figure out who turned it in, and I don't want him to take that out on me.
What should I do?
Do companies typically have policies that cover this sort of thing? I checked our handbook, and I couldn't find anything that seemed relevant in this case.