GM Downsizing Jet Fleet, CEO Still Flies High

General Motors said today that it is putting two of its five corporate jets out of service because the planes are not being used enough. The top three executives at GM, however, will continue to use the private luxurious jets for all of their business and personal travel, despite a flurry of criticism over the perk following an ABC News report this week. An ABC News investigation revealed that the top three automakers have together spent several hundred million dollars to buy, maintain, and...Full Story
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