Friday, November 21, 2008

But That's So Rational

Reprinted in full from my new favorite Econ blog, NPR's Planet Money...

Corporate Jets So Bad?

Imagine you're the CEO of a major auto manufacturer in danger of going bankrupt, countless jobs and arguably the financial health of the U.S. could hang in the balance.

Your day is packed packed packed with emergency meetings and phone calls, some just five minutes long. You're not sleeping.

You have to go to Washington DC to ask Congress for help.

Your company, like many other much smaller companies owns a corporate jet which you've used for years.

Do you really book a flight instead on a commercial airline? Wait in line for hours, risk flight delays? Is that really the best use of your time? And if you book that flight, won't lawmakers just say it's a cheap ploy?

Just asking.

See below for a more emotional reaction.

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