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Despite Shareholder Criticism, Company Jet Use by CEOs/Families/Friends for Personal Travel Is Heavy, As Are Costs
Financial Week
Sept. 5, 2007
Excerpt: According to a study released today by the Corporate Library, more than half (54%) of 215 large-company chief executives have access to their corporate aircraft for 'non-business' use, with the median costs for such usage last year at $182,929, with a median tax reimbursement (or gross-up) of $37,933.
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