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4. In defense of corporate aircraft. No, really.

from Bloomberg

From Nov. 1: The Wall Street Journal has had a jolly good time recently exposing a small example of corporate excess: It seems that during the years Jeff Immelt was the chief executive of General Electric Co., the company often sent a back-up plane on his travel in case something happened to the corporate aircraft he was using. The practice was first revealed in mid-October, in a Journal story that was mostly about how GE’s new CEO, John Flannery, was cutting costs. Four months on the job, he’d already shut down three research centers. more

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