Carmakers get caught short when asking for a bailout!

[Sea Demon]

Originally Posted by bookworm_020

I guess they don't even trust there own product will get them there!

http://business.smh.com.au/business/...1120-6cvm.html

Time for the fat cats to put their perks and money where their mouth is!

Kind of a long drive to DC. But yeah, they should have at least flown on a commercial flight (coach even) and should be selling these company aviation assets as a means to show some effort towards financial reality. I think the outrage is a bit much, but still valid. This was definitely in bad taste. But I still have to wonder who the heck paid any attention to how they went there and why.

[PeriscopeDepth]

While it doesn't make the execs any more competent at their jobs, I believe most major companies have rules that require their execs to fly private.

PD

[Jimbuna]

What's wrong with public transport......most of us mere mortals have to make do.

[August]

Originally Posted by PeriscopeDepth

I believe most major companies have rules that require their execs to fly private.

PD

I'd sure be interested in hearing their reasons for that. I suspect it's probably just so they can justify keeping corporate jets.

[kurtz]

Originally Posted by PeriscopeDepth

While it doesn't make the execs any more competent at their jobs, I believe most major companies have rules that require their execs to fly private.

PD

So the execs have made a rule that they should always go by private jet? will they sack themselves if they don't do so then?

[FIREWALL]

Originally Posted by PeriscopeDepth

While it doesn't make the execs any more competent at their jobs, I believe most major companies have rules that require their execs to fly private.

PD

And where did you hear that gem from PD. ?

[PeriscopeDepth]

Originally Posted by FIREWALL

And where did you hear that gem from PD. ?

CNN, why?

http://www.cnn.com/2008/US/11/19/aut...ref=newssearch

Originally Posted by CNN

Like many other major corporations, all three have policies requiring their CEOs to travel in private jets for safety reasons.

PD

[PeriscopeDepth]

I'm certainly not defending them, I don't know why everybody seems to think I'm just pulling this out of nowhere/defending them. CNN says safety, perhaps insurance? August may be right on the money, as well.

PD

[August]

I was just wondering but from your link PD:

Analyst Richard Aboulafia of the Teal Group said that $20,000 is a legitimate ballpark figure for a round trip corporate jet flight between Detroit, Michigan, and Washington.

$20K vs a $500 1st class ticket? That's a lot of money for some extra safety.

[PeriscopeDepth]

Originally Posted by August

I was just wondering but from your link PD:

$20K vs a $500 1st class ticket? That's a lot of money for some extra safety.

You're shooting the messenger. I just read it on CNN and am passing along.

PD