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The boss already owns the jet. Now he makes his company rent it from him, so he can zoom around in the plane he already owns, and that he would be zooming aroun
by denton-scratch 3y ago
The boss already owns the jet. Now he makes his company rent it from him, so he can zoom around in the plane he already owns, and that he would be zooming around in even if he weren't the Canoo boss.
I don't think a company should be paying for the boss's jet, if the company isn't near break-even. I'd say the boss doesn't believe the company has legs, and he's extracting cash while he can.
- bombcar 3y agoReplace "jet" with "time" and the argument still holds. Why should the CEO get a salary if the company isn't near break-even?