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Technology Stocks : Apple Inc.
AAPL 270.82-1.0%Dec 22 3:59 PM EST
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To: Travis who wrote (12593)5/4/1998 5:18:00 PM
From: Alomex  Read Replies (3) of 213177
 

This is one of those where I feel bad for Gil. He said for years Apple had chartered exec. jets for the executives. He was an avid pilot and already owned his own jet. Why wouldn't he use it? Common sense would say of course he would just use his own and charge the normal expense to Apple. According to Gil, he charged LESS than cost for the use of the plane, and much less than apple normally paid to charter jets. I never knew any of this.


But you see a company that is on the doldrums should not be flying it's CEO from lake Tahoe. First of all, not moving to Cuppertino shows a lack of commitment, and secondly, when times are tough you cut deep, and you start by setting an example. This really goes to the core of my main criticism of him: he did not cut deep enough, including his own perks.

(Tell you what Gil, we get you a reserved parking spot if you give up your corporate jet).
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