Why is it that the people who make the most money do not want to spend it? There’s no reason a CEO should use the corporate jet for island getaways at any time, but during the pandemic it sends an especially poor message. Note the reference to “reimbursement.” We suspect that means he pays the company the lowest commercial ticket price, not the full cost of the trip.
It certainly looks terrible,” said Nell Minow, who advises institutional investors on corporate governance issues as vice chair at ValueEdge Advisors. “There is a Marie Antoinette aspect to it.”Inside Goldman Sachs: CEO David Solomon’s Pandemic Year; Private Jets, Empty HQs – Bloomberg