Low_Level_Hell
Well-Known Member
Read this today about the auto bailout:
http://money.cnn.com/2008/12/10/news/companies/auto_bailout_legislation/index.htm
"....But the bill also sets strict oversight of the companies.
There would be limits on executive pay, prohibitions for so-called golden parachutes and requirements that the automakers get rid of their corporate aircraft and not pay dividends while loans are outstanding...."
This looks pretty bad for corporate aviation. Wonder if this will start a trend for companies to get rid of their corporate jets in order to boost PR. Though I have no experience in large business or corp. aviation it seems to me it would be irresponsible productivity-wise not to utilize their own aircraft for business for Fortune 500 companies like GM . Wonder how the personnel in the flight dept view congress now that they are pretty much out of a job thanks to them. Also considering how the goverment its self uses corporate aircraft for their officials and legislators all the time.
http://money.cnn.com/2008/12/10/news/companies/auto_bailout_legislation/index.htm
"....But the bill also sets strict oversight of the companies.
There would be limits on executive pay, prohibitions for so-called golden parachutes and requirements that the automakers get rid of their corporate aircraft and not pay dividends while loans are outstanding...."
This looks pretty bad for corporate aviation. Wonder if this will start a trend for companies to get rid of their corporate jets in order to boost PR. Though I have no experience in large business or corp. aviation it seems to me it would be irresponsible productivity-wise not to utilize their own aircraft for business for Fortune 500 companies like GM . Wonder how the personnel in the flight dept view congress now that they are pretty much out of a job thanks to them. Also considering how the goverment its self uses corporate aircraft for their officials and legislators all the time.