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...each. But let's do the math. Three CEOs being paid millions a year each are going to Washington on a business trip to try to save $300 billion worth of sales and 3 million jobs - and they are supposed to risk all of that on Northwest or US Air, a.k.a. Northworst and Useless Air, formerly Allegheny a.k.a. Agony Air? I see the connection: you fly to D.C. on a previously bankrupt airline as you contemplate the bankruptcy of your own company. The experience should be enough to scare you into devising a scheme to save your own company from...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

Invariably, the jets that CEOs ride - Gulfstreams, Citations, Lears - are described as luxurious by reporters who probably have never been on board. Good guess, though. Being a business journalist, I've been on a number of corporate chariots, ranging from Nike's (think new, cushy Air Jordans with wings) to Wal-Mart's (think used Chrysler minivan with wings.) Typically, you are offered a ride-along with the CEO to watch the big boss in Action Mode. I'm not really sure if this is designed to impress or if it's simply an effective...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

...have a choice this week. The weenies at Ford announced they were selling two jets (meaning, of course, that lower-ranking execs will be flying Northwest to the plant in Valencia) and driving a Ford Escape hybrid to Washington. GM has caved completely and shut down its air force, throwing 50 people out of work. (Thanks, Congressman Ackerman!) Maybe the President should send his helicopter for the GM honchos. He doesn't really have use for it now. And when some truly desperate Americans need a dramatic rescue, sending in Marine One isn't a bad idea...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

...request would be superfluous. International aviation law and a separate bilateral agreement between Spain and the United States both require all airports in the two countries to permit emergency landings. But the flights the Spanish note refers to were far from normal. The year was 2002 and the U.S. Air Force was transferring Taliban and al-Qaeda prisoners from Afghanistan to a U.S. prison in Guantanamo Bay. Washington wanted to know if Spain could help...

Author: /time Magazine | Title: Spain's Secret Role in the War on Terror | 12/2/2008 | See Source »

...foreign affairs ministry communicated its assent to the U.S. embassy request on January 11, 2002, a flight took off from a military base in Moron, in southern Spain. "From our investigation using Portugal's registry, we know that the plane originated in Kandahar, landed at Moron, crossed Portuguese air space, and continued on to Cuba," says Beltran. "The 23 people onboard inaugurated Guantanamo...

Author: /time Magazine | Title: Spain's Secret Role in the War on Terror | 12/2/2008 | See Source »

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