Dec 30, 2008

Corporate Jets given the boot!!

The economy is bad. But what it is making company CEO’s give up in terms of material benefits is even worse. 600-sprint-spanThere could not have been a worse time to be a CEO. Thank goodness I’m not one. Salary cuts apart, according to the Wall Street Journal, about 28 companies are joining this ever growing list of the “Corporate Jet Disposers”. Companies as big as Universal Corp are joining this group. But after GM’s royal corporate jet fiasco, this pales in comparison.  For one, I saw this coming after the publicity GM chief Wagoner received. Well the merits and demerits of companies letting their chiefs fly these jets is something that can withstand wide debate. What do you think about this??

Although this has nothing to do with actually running supply chains, it is significant in importance as it shifts the yardstick by which we view company spending. Do let me know your opinions.

Dec 30, 2008

Corporate Jets given the boot!!

The economy is bad. But what it is making company CEO’s give up in terms of material benefits is even worse. 600-sprint-spanThere could not have been a worse time to be a CEO. Thank goodness I’m not one. Salary cuts apart, according to the Wall Street Journal, about 28 companies are joining this ever growing list of the “Corporate Jet Disposers”. Companies as big as Universal Corp are joining this group. But after GM’s royal corporate jet fiasco, this pales in comparison.  For one, I saw this coming after the publicity GM chief Wagoner received. Well the merits and demerits of companies letting their chiefs fly these jets is something that can withstand wide debate. What do you think about this??

Although this has nothing to do with actually running supply chains, it is significant in importance as it shifts the yardstick by which we view company spending. Do let me know your opinions.