Todos
← Back to Squawk list
Wait, the top three Google executives have HOW MANY JETS?!
Larry Page, Sergey Brin, and Eric Schmidt have eight jets between the three of them, reports Mercury News. ...a company called H211 owns and operates the Google jets. (www.businessinsider.com) Más...The difference between a socialist and a capitalist is,
The socialist thinks there is only so much money and if a rich person has too much they have taken from the poor and so should have to give back.
The capitalist knows there is a limitless supply of wealth and your affluence is based on your productivity, we can all be fabulously wealthy if we increase all our wealth every day.
The socialist thinks there is only so much money and if a rich person has too much they have taken from the poor and so should have to give back.
The capitalist knows there is a limitless supply of wealth and your affluence is based on your productivity, we can all be fabulously wealthy if we increase all our wealth every day.
that's not fair! they should be buying jets for all of us! Come on Obama, spread the wealth!!
The companies that own these aircraft own them at a very high cost. FAA regulations that cover maintenance are extremely tight and demanding and the people that do the work to keep in compliance are very well paid.
The vast majority of these aircraft are not playthings as they must generate a return on investment and to do that they are used by many people from corporate heads of business to sales people calling on accounts across the country. Take this example: A person makes three high impact calls in three far flung cities in a day producing a large volume of sales of a product. This flows back to a sales department which goes to production and on to distribution, etc. That same sales person or corporate head uses the airlines but takes a week to do the same job produces six or seven times less sales thus slowing down the whole sequence of events as well as the total amount of products produced which in turn results in fewer people working. Take this times hundreds of business trips daily and the accumulated effect is millions of jobs. Sure some people have personal aircraft (jets and piston) but the vast majority are used for business and trade worldwide.
Now take a president who loves to stoke the fire concerning corporate aircraft and loves the resulting class envy that results while flying in his own corporate jet (Air Force One) at taxpayers expense which produces no tangible assets other than politics and you have the reason for misunderstanding and the class envy being felt today.
This same story could have been written with a positive note but that of course would not have been as good as bashing.
The vast majority of these aircraft are not playthings as they must generate a return on investment and to do that they are used by many people from corporate heads of business to sales people calling on accounts across the country. Take this example: A person makes three high impact calls in three far flung cities in a day producing a large volume of sales of a product. This flows back to a sales department which goes to production and on to distribution, etc. That same sales person or corporate head uses the airlines but takes a week to do the same job produces six or seven times less sales thus slowing down the whole sequence of events as well as the total amount of products produced which in turn results in fewer people working. Take this times hundreds of business trips daily and the accumulated effect is millions of jobs. Sure some people have personal aircraft (jets and piston) but the vast majority are used for business and trade worldwide.
Now take a president who loves to stoke the fire concerning corporate aircraft and loves the resulting class envy that results while flying in his own corporate jet (Air Force One) at taxpayers expense which produces no tangible assets other than politics and you have the reason for misunderstanding and the class envy being felt today.
This same story could have been written with a positive note but that of course would not have been as good as bashing.
Whatever, Donald. It's your truth. Hating is hating.
For those of you that are uninformed, corporate jets are used by a lot of people from senior management to sales people to honor flights. It is rare one person will take a jet for pure pleasure as shareholders don't like that kind of waste. Consider this. A businessman has three appointments in various cities that will result in large amounts of sales, thus profits. On an airline it would take a week to make these calls where on a private jet it would take one day. Take this example and multiply it by hundreds of trips a day by hundreds of sales and corporate people and you have vastly enhanced production of products. This translates into millions of jobs as this happens all across the country on a daily basis.
Class envy is generally caused by a lack of understanding of the situation and our President loves to stoke the fire while using many more millions running around the country in Air Force One. (his personal corporate jet) producing nothing in tangible assets.
Class envy is generally caused by a lack of understanding of the situation and our President loves to stoke the fire while using many more millions running around the country in Air Force One. (his personal corporate jet) producing nothing in tangible assets.
So let's see, oh yeah Page also has three homes, two time shares, jewelry up the wazoo and don't forget those lavish vacations at Cozumel and Spain, twice a year.
While you journalists are at it, why not mention how much money their kids blow on computers, weekly.
By having eight(8) jets, ...hole, they are supporting at least 32 people between them. I know, you forgot to say that.
JP