Quote:
Originally Posted by joemac
It's a joke that this is an issue at all.
It's a cost issue. At the rate of pay for a CEO, idle time costs money. You can either pay for more efficient time use (private jet). Or you can waste time, sitting at an airport, delays, etc.
At the per hour rate of most CEO's it's a better cost effective use of time to use the private jet.
We could say the same to ourselves. Why do we fly instead of drive? Time efficiency. Time is money. What's one's time worth. That's the key.
If I'm a business owner I want my people to be working with minimal idle time, best effective, efficient use of their time. The overhead getting on a plane today commercially is extreme often taking longer to get on the plane than the flight itself.
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I travel quite a bit for work and I can tell you this, we look at cost and time and evaluate the most cost effective route, not so much based on time.
Rick should have flown business class. I'm sure a direct flight from Detroit to DC could have easily been found even if he had to leave the night before.
As for idle time, that's what cell phones and laptops are for in today's world. So that is a non-excuse.
Information pertaining to GM and Ford saying that their executives can't fly public and need to fly private is yet another showing of the excess these companies have indulged in. Take a look at this story for how someone handles economics the right way:
http://www.cnn.com/video/#/video/bus...eo.pay.cut.cnn