2 years ago Odland and the execs ordered three corporate jets for $100M total. They had two 5 year old ones, but that was not good enough. Odland needed his own that nobody else could use, which meant only 1 was available for the other execs. Thus, they bought 3 -- 1 for Odland and 2 for the other yahoos to use. They used these to take trips that did not need to be taken, simply because it was fun to do. His tenure -- excess and excuses for him and his coterie, yet abuse and blame for everone below SVP. The company is a joke -- they will be BK in 6 months.
I can tell you that this is 100% true as I frequently flew on them. What a waste of company and shareholder money! Not unusual for needless trips to be scheduled by some execs so the planes could stop and drop them off where they wanted to be for the weekend or for vacation. These trips were scheduled to meet their personal needs/schedules, not any business need. Others were "invited" to go along on the trips to make them look legit. Everyone below the EVP level kept on bringing the planes up as a waste of money and an opportunity to save the company money, but it was always ignored by Odland. Not only because of his personal use and "perk", but because the board memebers loved having them often times cart them back and forth to board meetings.