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(Fox Business)   CEOs get to fly in cool biz jets, but the really cool guys have spare jets along just in case   ( foxbusiness.com) divider line
    More: Facepalm, Business jet, Mr. Immelt, 2016, GE, 2017, Leap year starting on Friday, Board of directors, Flight  
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1704 clicks; posted to Business » on 04 Nov 2017 at 1:09 AM (2 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



22 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-11-03 10:20:07 PM  
And a helicopter on standby in case they need to dry one of their tennis courses on short notice.
 
2017-11-04 01:25:08 AM  
When you're a jet
You're a jet all way
From you're first big deal
Til you're last big bonus pay
 
kab
2017-11-04 01:51:23 AM  
General Electric Co. executives didn't notify the company's board until this month about its regular flying of a spare business jet for its CEO

Mr. Immelt told the Journal on Thursday that he, too, didn't know the spare plane was flying. "This is not a practice I would have allowed," he said in an emailed statement.


I'll take "complete and utter bullshiat" for $1000, Alex.
 
2017-11-04 02:12:21 AM  
Mr. Immelt told the Journal on Thursday that he, too, didn't know the spare plane was flying.

jenniferlawrence_sarcastic_yeah_OK.gif
 
2017-11-04 02:20:54 AM  
This was reported on weeks ago. GE has some serious issues going on internally, but corporate jets (while certainly expensive) are not the root of them. I'm expecting most of GE's business units to continue to be sold off piecemeal until all that's left is the name and customer list for "consulting services". As a shareholder, I am disappointed. The aircraft stuff is merely annoying.
 
2017-11-04 02:56:24 AM  
Mr. Immelt told the Journal on Thursday that he, too, didn't know the spare plane was flying.
only one knew. In her satin tights,
Fighting for your rights
And the old Red, White and Blue.


d3thpuk46eyjbu.cloudfront.netView Full Size
 
2017-11-04 03:58:25 AM  
vignette.wikia.nocookie.netView Full Size
 
2017-11-04 03:59:05 AM  

roostercube: This was reported on weeks ago. GE has some serious issues going on internally, but corporate jets (while certainly expensive) are not the root of them. I'm expecting most of GE's business units to continue to be sold off piecemeal until all that's left is the name and customer list for "consulting services". As a shareholder, I am disappointed. The aircraft stuff is merely annoying.


The bloodletting isn't close to over yet. As soon as they cut the dividend we are looking at single digits.
 
2017-11-04 08:10:59 AM  

roostercube: This was reported on weeks ago. GE has some serious issues going on internally, but corporate jets (while certainly expensive) are not the root of them. I'm expecting most of GE's business units to continue to be sold off piecemeal until all that's left is the name and customer list for "consulting services". As a shareholder, I am disappointed. The aircraft stuff is merely annoying.


The jet thing is not the cause of GE's problems, but it is a very well-known symptom.
 
2017-11-04 09:10:58 AM  
We need robot CEOs that never need a break or vacation or stock options. It would be so much cheaper.
 
2017-11-04 09:19:43 AM  

LarryDan43: We need robot CEOs that never need a break or vacation or stock options. It would be so much cheaper.


But who's gonna serve the McRibs?
 
2017-11-04 09:39:46 AM  
I understand completely. I just wish you poors could visit a dangerous place like Honolulu and understand just how dangerous it is - so the need for two private jets
 
2017-11-04 09:52:53 AM  
FTFA:

The board members were previously unaware, the people said, and some were dismayed to learn of the practice. "Obviously, this was an excess," one of these people said.

Mr. Immelt told the Journal on Thursday that he, too, didn't know the spare plane was flying. "This is not a practice I would have allowed," he said in an emailed statement. Mr. Immelt stepped down as GE chairman in early October after earlier resigning as CEO.


Maybe they didn't know the exact details, but I'm sure people saw how much was being spent on travel for executives and board members shrugged their shoulders, justifying the expense by saying it was simply a perk they have to offer to recruit the best people.
 
2017-11-04 10:11:51 AM  
Good luck to their plebes getting more than a 2% raise.
/guillotines are coming
//hopefully sooner than later
 
2017-11-04 11:00:05 AM  

JK8Fan: I understand completely. I just wish you poors could visit a dangerous place like Honolulu and understand just how dangerous it is - so the need for two private jets


I've been watching a documentary series about a police task force there. I assure you that based on the magnificent service of Commander Steve McGarret what May appear to be an idyllic setting would devolve rapidly into a terrifying post apocalyptic hellhole!
 
2017-11-04 11:21:31 AM  

Representative of the unwashed masses: JK8Fan: I understand completely. I just wish you poors could visit a dangerous place like Honolulu and understand just how dangerous it is - so the need for two private jets

I've been watching a documentary series about a police task force there. I assure you that based on the magnificent service of Commander Steve McGarret what May appear to be an idyllic setting would devolve rapidly into a terrifying post apocalyptic hellhole!


Between the aforementioned Police Commander and a certain mustachioed man in a red Ferrari, I feel confident that any potential tribulations that may have faced poor Mr Immelt were well in hand before the pair of Global Express jets ever touched down on that storied tropical island paridise.

Maybe Rick at the King Kamehameha Club can check and see if Icepick has heard anything
 
2017-11-04 12:06:42 PM  
Hey, who would know better than the CEO how unreliable GE aircraft engines are?
 
2017-11-04 12:37:17 PM  
See? If you give them tax breaks then they will create more jobs.  In this case, they hired an extra pilot.  Supply side economics for the win!
 
2017-11-04 03:30:23 PM  

LarryDan43: We need robot CEOs that never need a break or vacation or stock options. It would be so much cheaper.

img.fark.netView Full Size
 
2017-11-04 07:39:11 PM  

LarryDan43: We need robot CEOs that never need a break or vacation or stock options. It would be so much cheaper.


But they're each going to want their own multiply redundant nuclear, coal, solar, and wind electrical power plants. That stuff ain't cheap.
 
2017-11-05 08:04:24 AM  
img.fark.netView Full Size
 
2017-11-05 12:32:07 PM  
Isn't the biggest rate of failure in a jet something in one of the engines?

Buy and operate a Dassault Falcon tri-jet for reliability. Cut one engine and you still have two.
 
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