I never really thought about it b4 but i will have to mention to my buddies at lunch tommorrow that i have fractional ownership in a couple of jets...wait, obviously my ego is in the same condition as my investment, darn
Look I think we all agree that the problems at this company are deeper than the corporate jet. The problem is when you are in trouble but need a new car you don't buy a Ferrari, you buy a Hyundai. The SOB JOB got a 5 percent raise in base pay. What were his goals trash morale, destroy the stock price and drive the company out of business? Well he accomplished 2 out of 3 of those better give him a "G". Well I got an outstanding peformance appraisal, met my goals and I got 3% last year. And lets see what is the average employees total Reward bonus payout going to be this year HOW ABOUT ZERO!! so they cut his non base compensation by fifty percent poor baby only took in 4.7 MM. MY 14 year old could do a better job as CEO just by using a magic 8 ball to help with the strategic planning.
Grounding the corp jets would be a nice symbol , O Brien taking a PAY CUT would have been a better symbol, O Brien resigning with no golden parachute would be a good start at turning the company around. Firing him for cause is what should have happened not rewarding him with a pay raise. And that freaking smiling jackass picture looks like a crooked televangelist .
90% of big companies need corporate transportation.
The planes are simply a tool if used right and not abused. What company should have their CEO/CFO etc. in an lobby 12 hr. for a two hour meeting. These guys have 5 stops a day in those aircraft. just because most of you pack a lunch doesn't mean you shouldn't understand the demands of modern business.
Now the F and GM thing was a P/R disaster.