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Boeing CEO’s penchant for cost-cutting doesn’t apply to his trips on the company jet
When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. An accountant by training, Calhoun has prioritized fiscal discipline over his four years at the helm, tightening the belt to free up cash flow and put the company on better financial footing. ... Boeing reported in a regulatory filing that ... Calhoun got an extra half-million dollars worth of personal private jet travel on the company’s dime that had previously been improperly recorded as business travel. (www.cnn.com) 更多...
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I agree with you, however, paying millions of dollars for incompetence while the business loses prestige and revenue is not limited to corporate executives. Countless professional and college coaches/managers are fired from their positions due to losing records yet they are paid the full amount of the remainder of their multi-year, multi-million dollar contracts and then typically are hired by another franchised for even more money. This has been happening in professional sports for decades. The payouts and perks are just bigger in corporate America.
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david calhoon: as a young boy he never learned to share. As an adult he could never compromise. Me, me, me. never you. ever. unsucessful human being
Of course he’s using their private jet for everything. He’d be crazy to risk his life flying on commercial Boeing aircraft.
It has been many years, but on an American Airlines flight from DFW to SFO on a DC-10 (THAT long ago), seated next to me in First Class was....BOB CRANDALL, the airline's CEO! We carried on a conversation for most of the flight. The man was brilliant; it took everything I had to keep up with him.
On another trip, where I was traveling by Amtrak train between the Northeast and Florida, I was seated at a dining car table with W. Graham Claytor, then Amtrak president. He explained how he always preferred to travel overnight by himself, in a single-bed sleeping car room, and to share a dining car table as other passengers did. Later we hung out at an open Dutch door window, watching the scenery. He was as brilliant as Crandall.
These days, CEOs travel on private jets, and in the case of Amtrak, if not flying, then in a private car which is only one of several cars reserved for him and his entourage, with an exclusive handpicked crew to serve them. In the case of Amtrak, this is in addition to a large bonus, from a company which loses money, were it not for the dollars of tax money shoveled into it by the largesse of the politicos.
On another trip, where I was traveling by Amtrak train between the Northeast and Florida, I was seated at a dining car table with W. Graham Claytor, then Amtrak president. He explained how he always preferred to travel overnight by himself, in a single-bed sleeping car room, and to share a dining car table as other passengers did. Later we hung out at an open Dutch door window, watching the scenery. He was as brilliant as Crandall.
These days, CEOs travel on private jets, and in the case of Amtrak, if not flying, then in a private car which is only one of several cars reserved for him and his entourage, with an exclusive handpicked crew to serve them. In the case of Amtrak, this is in addition to a large bonus, from a company which loses money, were it not for the dollars of tax money shoveled into it by the largesse of the politicos.
In this case, merely a BEAN-COUNTER and look what an absolute disaster he has made at BOEING, but hey ho - he will ride off into the sunset with a huge multi-million send-off, and his ego still intact.
Instead, he should be FIRED and taken to court for gross INCOMPETANCE and BOEING should recoup many tens of his millions of $ (shareholders monies) that he did NOT earn or merit over the past years!!