An Obvious Place to Cut Costs
I don't know if Intel's CEO uses the corporate jet as his own, like other CEO's do. But, that's one place I would look to start cutting costs at big corporations. CEO's are overpaid as it is, so let's pull the personal corporate jet perk to start.
If your CEO is yelling at you to cut costs, (OK, I don't know that Otellini was yelling) maybe they should look in the mirror first. I suspect just buying them first class commercial tickets would be much much cheaper.
It would make me mad as a customer, an employee, and a tax payer (thanks to the big tax writeoffs the companies get) for providing this luxurious perk.
By the way, that's a real childrens book. I see a sequel, “Slumgullion and His Private Jet.”
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