…Who gets to use the jet in a fractional arrangement varies by company, according to filings gathered by public company intelligence provider MyLogIQ. For example, at Sysco, jet use is made available to directors, named executive officers “and other members of management” for business purposes. At DTE Energy, executives and “other employees” are permitted to use the aircraft “when there is an appropriate business purpose.” NEOs at Goldman Sachs are eligible to use the aircraft, while at Hartford Financial Services, “senior executives” are permitted use of the fractional share “to safely and efficiently travel for business purposes.”
Companies that have their own aircraft also have varying eligibility policies. For example, Facebook CEO Mark Zuckerberg uses the company plane for personal travel as well as business travel, “in connection with his overall security program.”
Other companies already extend the use of the company plane beyond just the CEO; for example, Coca-Cola’s policy states that spouses and guests of directors are allowed to travel on the company jet for personal reasons “when the aircraft is already going to a specific destination for a business reason, which has minimal incremental cost to the Company.” Meanwhile, PG&E’s policy allows the CEO use of the private aircraft while it “prohibits the use of Utility aircraft for personal travel.”
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