The Big Three Aren't the Only Ones Blowing Big Bucks
The chief executives of the big three American auto manufacturers were blasted by lawmakers in Washington yesterday for having the audacity to turn up on Capitol Hill with their tin cups in hand after having just stepped off their lavish corporate jets. The episode turned into a PR disaster for GM, Ford, and Chrysler—and damaged their chances of scoring a deal and landing billions in taxpayer dollars—but at least they were using the jets on company business. Even more eyebrow-raising is how often these palaces in the sky are used to ferry top execs on vacation, or to hang out at events like the Olympics. Of course, there's no way to be sure that GE execs weren't just negotiating a new microwave manufacturing contract when the company's Gulfstream touched down in Puerto Rico on the eve of a holiday weekend. But if you click here, you can see how two of the companies now collecting billions in taxpayer dollars have been making use of their jets over the last few months.