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In Which We Discover The Cause Of Detroit's Money Woes

November 19, 2008 at 3:33 PM | by | Comments (0)

High fuel prices hurting business? Fierce international competition forcing layoffs? Former presidential candidates badmouthing you? If you're the CEO of Chrysler, Ford or GM, that apparently means it's time for a private jet trip to Washington, DC to ask for a government bailout!

ABC News caught GM boss Rick Wagoner hopping on a G-IV to get from Detroit to the capital, while he could've taken Northwest Flight 2364 for just $288--or $837 for first class. Meanwhile, Ford's CEO Alan Mulally actually commutes between Seattle and Detroit by private jet; his company operates a fleet of eight planes for execs. Who do these guys think they are? AIG?

In all seriousness, Wagoner doesn't have it that good. After all, Gulfstream stopped making G-IVs in 2003, which means he's riding in a plane at least six model years old!

Related Stories:
· Big Three CEOs Flew Private Jets to Plead for Bailout [ABC News]
· Private Jets coverage [Jaunted]

[Photo of a G-IV: Wikimedia]

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