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That’s the actual story. It’s a bit boring though. The rest is bs clickbait.
by ametrau 3y ago
That’s the actual story. It’s a bit boring though.
The rest is bs clickbait.
- malfist 3y agoA bit boring? Seems like straight up embezzlement.
- ein0p 3y agoIt’s only embezzlement if board/investors didn’t know. This definitely is something the board would have to approve. As a former exec though I think it’s distasteful to require such things before significant profitability. Business class is fine. Pre-revenue, coach is fine too.
- jonathankoren 3y agoTBF boards are famously insular and self serving, with everyone being on each other’s boards.
- drexlspivey 3y agoSo I’m assuming you’re paying for plane tickets out of pocket when going on a business trip. Otherwise it would be embezzlement right?
- malfist 3y agoMy company pays for my plane tickets, but it's not booking flights on my personal airplane, which I get to set the rates for.
- acdha 3y agoHe’s buying air travel from himself. Unless he’s undercutting the commercial carriers, that means the company is spending more than it needs to with the difference going to his pockets. It’d be much cleaner ethically for him to get reimbursed the cost of a business class ticket and pay for his jet out of pocket if he can’t abide flying with the little people.
- drexlspivey 3y agoIf the company requires a private jet they can either pay for a lease from some other vendor or pay the CEO to lease his jet. Unless they are paying way above market price I don't see how this is embezzlment or even fishy.
- acdha 3y agoThey’re losing money, which seems like a time not to spend money on luxuries.
- ametrau 3y agoI’m being droll. It’s not boring (to me and you) but is in their estimation vs the more grabby headline.