Off-Topic: Region's Bank, Corp. Jets

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	Name:	water_watcher -
	Subject:	Region's Bank, Corp. Jets
	Date:	6/20/2009 10:03:25 AM

Typically the CEO has his/her own plane assigned to them. This is foolish to even have this discussion ... CEO's work for the shareholders and report to the BOD ... it is for them to decide compensation and perks. If people don't like it and they are shareholders, they should voice their opinion and ask for a vote (following the correct procedures) at an upcoming board meeting. That is how they can get it changed, provided enough shareholders agree.

Government or public perception should not matter. It is not governments role (and should not be) and it should only matter to shareholders/investors or the public that does business with the company. If you don't like it then don't do business with them. But you will find it is common and justified.

I know the hours CEO's work (typically 12 to 14 hour days) and it is very common to provide them the perk to get away for a weekend with their family using a company plane to take them and pick them up rather than dealing with commercial travel.

It is also why many CEO's have a driver as well ... so they can conduct productive business on their drive in the morning and for their security when they are leaving at 9 to 10pm in the evening.

If you have lived the life, you would understand.