Guess Where CEOs Fly On Company Private Jets 30-50% Of The Time

 

The use of private jets by the top lieutenants of publicly traded companies (and even private firms, recently) is a sore spot.

That's because shareholders and the public more broadly, envision financiers and various loaded individuals, jetting off to their vacation mansions instead of toiling away at a desk, like their underlings.

And it turns out, those visions were right.

The use of private jets by the top lieutenants of publicly traded companies (and even private firms, recently) is a sore spot.

That's because shareholders and the public more broadly, envision financiers and various loaded individuals, jetting off to their vacation mansions instead of toiling away at a desk, like their underlings.

And it turns out, those visions were right.

According to a four-year review compiled by the WSJ, via Dealbreaker:

A Wall Street Journal review of FAA flight records found that dozens of jets operated by publicly traded corporations made 30% or more of their trips to or from resort destinations, sometimes more than 50%. Often, these were places where their top executives own homes.

The high percentage of trips to vacation destinations in a few cases suggests some companies' jets are frequently used by executives to make personal trips.

To find these results, the WSJ had to submit a Freedom of Information Act request.