Wednesday

Sure to infuriate...

The times has a great piece on corporate travel. It starts with this gem: "Richard D. Parsons, chairman and chief executive of Time Warner, owns a small vineyard in Tuscany that produces a Brunello di Montalcino selling for $80 a bottle, adorned with a crest of the Parsons family. Twice a year, he boards one of his company's four jets to visit his 20 acres in Italy. When he does, Time Warner shareholders pick up the bill."



How much might that cost?

" The actual cost to Time Warner of Mr. Parsons's round trip to Italy might be anywhere from $60,000 to $170,000, according to Conklin & de Decker Aviation Information, an aviation research and consulting company. Previously, the company could write off the full cost, for a tax savings of up to $42,500, assuming a 25 percent corporate tax rate. No longer."

Let's bear in mind these are already people making tens and sometimes hundreds of millions of dollars. Is it so unreasonable to ask them to pay for their own personal travel?

No comments: