The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "misuse of company planes" ...
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High Flying Perks
As automakers took more financial hits in 2006 that led to layoffs and cost-cutting, company executives asserted that they too would cut down on their personal budgets. But WXYZ-TV found out that the executives did nothing to reduce their use of corporate jets and fuel in trips costing in the tens of thousands of dollars. The eight-month investigation uncovered situations like that of Ford CEO BIll Ford, Jr. He accepted a yearly salary of only a dollar, and used company planes for personal trips to the tune of $297,201 in a single year. Ford president Mark Fields is tasked with cutting costs in the company, yet used the planes on many weekends to take trips from Detroit to his mansion in Florida at a cost of between $50,000 and $70,000 each weekend.
Tags: Money; corporate pork; corporate executives; misuse of company planes; corporate cost-cutting; automotive industry; Ford Motor Company