Quote:
Originally Posted by Claeren
I believe they showed a flight departing from Detroit to Washington with virtually the same schedule as the use of the private jet. They further showed that there were a large number of direct daily flights to suit most any schedule.
They also showed that while he could have saved something like $19,800 flying coach (at least that much, as the $20,000 for the private jet at that time was only a rough estimated cost and could be higher especially when you factor in such things as maintaining a standing fleet of like 6 or 7 jets at any given moment) , he could also have saved something like $19,300 flying first class -- where he would have priority boarding/security status with similar (slightly longer but measured in minutes not hours) timelines to flying on a private jet domestically.
Claeren.
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To me, the corporate jet is not so shocking as the amount of money these guys would have earned the day of their testimony. In 2006, the CEO of GM took home something like $8.5 million dollars, that's about $3000 per hour assuming a 60 hour work week and 3 weeks vacation. So he would have earned $30000 - $40000 the day he spoke there... so the corporate jet was less than a day's salary!
But $8.5m is chump change for major CEOs.