March
2010
Friday, June 26, 2009
CHRISTINE ROBERTS, DAILY NEWS

What recession? CEO use of private jets increases in 2008

As major companies seem to be asking for increasing amounts of government bailout money, one would think that the companies’ executives would cut back on unnecessary expenditures — like private jets.

But CEOs are doing the exact opposite,the Wall Street Journal reports. Executive pay consultant Equilar released a study last week which revealed that Forune 100 companies spent more on private jets in 2008 than they had in five years.

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Posted by Editor on 06/26/09 at 07:39 AM •  (0) Comments

Tags:  ceo, private jets, recession,

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Kwame Kilpatrick

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My dad liked to call this the Third-Generation Syndrome, and you see it in a lot of families, and it’s been going on for a very long time, it’s not new. The first gen is poor, builds something from the ground up… by working smart and hard a successful business is built. The second gen has it a bit rough, and sees

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