A top of the line corporate jet can cost a company up to $35 million. But a new study shows that when chief executive officers trade in first-class commercial tickets for private planes, the cost to shareholders can be far greater.
Editor’s Note: I am not sure what, if any value, this article offers but I must admit it was an interesting read…
Author: David Yermack
Source: STERNbusiness (NYU)
Subjects: Corporate Governance, Miscellaneous