To: Alomex who wrote (12594 ) 5/4/1998 8:34:00 PM From: Travis Read Replies (1) | Respond to
<<But you see a company that is on the doldrums should not be flying it's CEO from lake Tahoe>>Shareholders and financial analysts support the economics of travel by chartered or comany-owned aircraft because it makes financial good sense. Do the arithmetic: Multiply an executive's hourly earnings by the additional time he or she would spend making the same trip by commerical airline, then add the further savings of the two or three other company personnel that so frequently also need to attend the same meeting or conference. Apple execs had been traveling for years on jet aircraft chartered from .... However, I already owned the Citation (the jet). There was no longer a need for using Mike's plances, since Apple executives could now make business trips on my aircraft at a lower cost to the company. And I ordered cutback on executive travel, so executives were using my aircraft less than they had been using Markkula's...Newspaper and magazine stories repeated the accusations so often that Apple employees began to become disgruntled, believing that the deal on my airplane was lining my pockets while gougning the company when in fact at the price I charged Apple, I needed to subsidize the operating expenses heavily out of my own pocket.
