Word: jetted
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This from a legislative body that has raised money-wasting to an art form. It wasn't too long ago that members of Congress often mistook corporate aircraft for the Congressional Airline. "Hitching" a ride on corporate jets was such a regular event, and so abused a privilege, that eventually the solons had to stop themselves. There was nothing to stop Senator John McCain from using his wife's jet to make dozens of campaign stops this year, contravening but not breaking election laws because he, or at least Mrs. McC, "owned" the aircraft through a family company. (Read...
...milked the story for all it was worth, as any news organization would do. But ABC's VIPs are not strangers to corporate jets. This week there's ABC's Charlie Gibson interviewing George Bush on Marine One, the helicopter the President uses to get out of town to Camp David. You think Charlie took Amtrak to Washington to meet the President? Even if he did, it's fairly routine for the networks to ferry their precious anchors around by private jet these days. (And while we're at it, why can't Bush take a carpool to Camp David...
...Miley Cyrus slum it on Southwest. The privileged would include Bob Iger, Disney's CEO. The company spent more than $65,000 in 2007 on Iger's personal travel aboard corporate aircraft, and it requires him to fly corporate when he's on business. Disney extends the private-jet perk to other top officers as well as directors attending meetings and other company events. Nice. Yes, Iger is having a way better year than the Detroit Three - would you rather own High School Musical or Buick...
...issue here is that most of the Fortune 500 boards require the boss to fly in the corporate jet. And why not? What's the point of achieving the big corner office, knifing all those people on your way to the top, if you don't have the ultimate travel ticket? You might as well stop at divisional vice president. That should be no less true for the Detroit Three. Ford boss Alan Mulally left an aircraft company, Boeing, to take the top job at the auto company - the man is used to big jets...
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...