Jet Set 0
Reuters’ Bethany McLean investigate the stealth jets.
What’s interesting is that despite all the furor about corporate jets, and the complaints about executive compensation, experts say this situation is not uncommon.
(snip)
Jos. A. Bank’s plane is not identified in the company’s financial statements. I searched its proxy statements and 10Ks going back to 2003 for the terms “jet,” “personal use,” “aircraft,” and “airplane,” and found nothing related to this aircraft. And this is technically proper — if the plane is being used entirely for business purposes.
Read the rest, in which she explains how the perk can be kept in a poke, right there next to the pig.
When does “compensation” turn into plain ordinary skimming? Inquiring minds want to know.
