If he actually uses the jet for Canoo-related business, this is not unreasonable. Assuming those trips may eventually lead to business deals, and that the amou

If he actually uses the jet for Canoo-related business, this is not unreasonable. Assuming those trips may eventually lead to business deals, and that the amounts reimbursed are in line with free market prices, it is advantageous to Canoo. Their CEO could be x% "more effective" (I know how abstract that sounds), ultimately benefiting the company, and maybe they even got a good deal ("hey, I own a jet, and it has to fly at least 200 times per year to cover its maintenance costs. If you allow me to use it for Canoo-related trips, which are anyway needed, and reimburse me, I'll charge you less than what netjets wold cost us. Deal? Y/N") The real world tends to be more nuanced, but in principle it stands, at least until proven guilty/shady.