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Corporate Jet Set
futureofcapitalism.com

The Wall Street Journal is on a campaign against private jets. From a front-page article in today's paper:

A Wall Street Journal review of FAA flight records found that dozens of jets operated by publicly traded corporations made 30% or more of their trips to or from resort destinations, sometimes more than 50%. Often, these were places where their top executives own homes. The review covered nearly every jet flight in the U.S. over the four-year period from 2007 to 2010....The high percentage of trips to vacation destinations in a few cases suggests some companies' jets are frequently used by executives to make personal trips. This has stirred doubts among some experts about whether companies are disclosing to shareholders the full amounts spent on personal-jet travel, widely considered the most expensive executive perk.

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Tom McGinty

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