After you figure in; crew pay, fuel, airport taxes, maintance, hanger rental, and other misc bills like refreshments, 20K for a round trip makes sense.

 

that is true also.

CEO's don't just sit around and work a normal 9-5. I'm sure he was probably doing work up until a few minutes before he left, as opposed to checking his baggage, waiting an hour to go through security, etc.

Also, testifying in front of the senate I'm sure he had more paperwork then they're going to allow you to check, even if he would be allowed legally to check it. Not to mention, I'm sure it was more then just him, GM probably had a crap ton of lawyers and such go with him.

 

At a time when they are begging for help complaining that the end is near, living the high life till the final wave should be an indication that the old style of business isnt right for the new way. It's hard to show sympathy for someone who cannot relate in any way to the average person.

Again, I'm not swaying it one way or another, another just excessive spending situation.

 

Crew pay, matinance and hanger rental should not be included in this one flight. Because I doubt the person making the guessamite has access to a lot of that info. And with every flight that he takes that total cost of the flight would go down.

Sorry, it's just that if someone is going to make an attack light that I want to see where they are getting thier numbers from.

 

I agree... but I see a private jet as a tool for work?



Are we going to bitch if he rents a midsized sedan instead of a sub-compact?(ooooo make the GM execs rent an aveo )

Why doesn't he just wear some Dickies and a t-shirt to work?


I don't care if they get a decent salary. I don't care if GM has their own jet, makes sense.

I do get a little peaved if they still get Bonuses(unless they severally fixed something, like instead of losing $50 billion a year, one guy made it so they are only losing $20 bilion a year)

 

Focus on Ford then, (no pun with the focus intended), I can only wonder how many times Ford has piloted Alan and his wife from Seattle to Detroit in a year?

I agree with what you said earlier, they should take a 100K or so pay as a sign, but I doubt that would ever happen.

 

Nope. Sorry. Not acceptable. Having done some business with private jet charter, I wouldn't be surprised if the cost of the private flight was even higher than $20k.

For those of you crying about security: California's governor flies around on public coach flights. I remember flying into Burbank with Gray Davis sitting two seats behind me. Nobody knows who the CEOs of the Big 3 are; they're not in danger. And it might be good for them to get out of their ivory towers and talk to the public a bit.

And for those of you crying about CEO time: bull****. A CEO sets policy, determines strategic direction, makes top-level financial decisions. He does not turn a wrench, crunch detailed spreadsheets, or do any extremely time-consuming work. He has a retinue of helpers and assistants. He does not *have* to be insanely busy or overworked, unless he wants to be.

 

These costs wont be completely in this flight but they must be taken into account to find the real cost of the flight. Hanger fees will be part of the bill if the plan had to sit in DC during the event, if it went back to Detroit then you have an extra round trip worth of fuel to account for.

 

Running a company as large as Ford isn't something you can just hire an AutoZone manager to do.

Sometimes you make sacrifices to hire someone you feel could do a good job. Now, I'm not saying he did or didn't go a good job, but I'm sure the cost of shuttling him around was built into whatever salary he got.

Last I heard, Bill Ford hasn't received compensation for over 3 years, he said he won't take a salary until Ford becomes profitable, and I think he's entitled to something like 30 mil a year.

 

we should be worrying about how much they spend on their clothes too!!

 

I bet there were more people on the plane. I wouldn't be surprised if there were 10+ people on there. Plus the private jet was a time saver... no time wasted dealing with the air port, late flights, lost baggage, and he and his associates were able to discuss and prepare much better than they would have been able to on a commercial jet in coach.

Time is money and these guy's time is worth quite a bit.

 

He can't live off $14 million a year. If they are so worried how about taking a paycut for awhile??

 

If that is true I applaud him.

 

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while 20k flights seem a bit extravagant for the CEO of a company that is hemorrhaging money, it's a drop in the bucket compared to what they are losing through other expenses. It's the equivalent of telling someone that they could save money by not eating ketchup with their french fries. Detroit has bigger fish to fry.