CEO private plane costs

Last November the CEO’s of all three major Detroit automakers were slammed in the media and on Capitol Hill for flying to Washington on big private jets to ask the government for bailouts. But that bad press has not apparently grounded all executives.

A report by the executive pay consulting firm Equilar shows that, even in the middle of a recession, U-S corporate chiefs are still enjoying the perks of personal travel on company planes.

The majority of large corporations still require their CEO’s to use company planes when traveling, even for vacation. They argue it’s a safety requirement rather than a perk and that private flights are more efficient for business.  read more »