Comments on: Executives are using private jets, so what? http://www.intelligentspeculator.net/investing_commentary/executives-are-using-private-jets-so-what/ Free stock picks and stock market commentary. Sat, 11 Feb 2012 13:51:56 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Linkstuff For Jan 30, 2009 http://www.intelligentspeculator.net/investing_commentary/executives-are-using-private-jets-so-what/comment-page-1/#comment-2764 Linkstuff For Jan 30, 2009 Sat, 31 Jan 2009 01:13:07 +0000 http://www.intelligentspeculator.net/?p=444#comment-2764 [...] The Intelligent Speculator wonders so what if executives are using private jets? [...] [...] The Intelligent Speculator wonders so what if executives are using private jets? [...]

]]> By: Chad @ Sentient Money http://www.intelligentspeculator.net/investing_commentary/executives-are-using-private-jets-so-what/comment-page-1/#comment-2758 Chad @ Sentient Money Wed, 28 Jan 2009 12:48:23 +0000 http://www.intelligentspeculator.net/?p=444#comment-2758 Obviously, the private jet trips to DC don't matter very much in the greater scheme of things. However, it's kind of like wearing a suit to an interview. Wearing the suit really doesn't matter, as it has no bearing on your abilities, but 98% of employers wouldn't hire you if you didn't wear one. Another example; you don't drive to your friends house in your Mercedes and ask for a handout if he drives a Ford. What I will argue about is how valuable an executive's time is. Based on the massive failure of executives at 90% of our banks and 100% of our auto industry, I would have to say it doesn't take a very special person to run these companies, as their incompetence knows no bounds. The mistakes they made are mistakes most 1st year finance students wouldn't make. On top of that Buffett seems to do fine by hiring CEOs for not even half the cost of these guys. Also, he doesn't give them private jet access. Obviously, CEO/executive skills aren't that special and the greatest capitalist of our time isn't concerned with saving their time with private jet access, so their perks are somewhat suspect. Concerning the media, I will agree that certain media outlets are biased, but it is by no means limited to the left. CNN = left leaning MSNBC = very left Fox = very right NY Times = left leaning Wall Street Journal = right leaning AM Radio = Almost 100% right I'm tired of the argument made that suggests the right has no voice. If you want to argue that it's wrong to lean either way, I will support that, but the right has plenty of voices. Saying, the "left wing media", is just a sound bite used by political pundits because it is easy to say, remember, and most people can't think for themselves...so they just accept it. Obviously, the private jet trips to DC don’t matter very much in the greater scheme of things. However, it’s kind of like wearing a suit to an interview. Wearing the suit really doesn’t matter, as it has no bearing on your abilities, but 98% of employers wouldn’t hire you if you didn’t wear one. Another example; you don’t drive to your friends house in your Mercedes and ask for a handout if he drives a Ford.

What I will argue about is how valuable an executive’s time is. Based on the massive failure of executives at 90% of our banks and 100% of our auto industry, I would have to say it doesn’t take a very special person to run these companies, as their incompetence knows no bounds. The mistakes they made are mistakes most 1st year finance students wouldn’t make. On top of that Buffett seems to do fine by hiring CEOs for not even half the cost of these guys. Also, he doesn’t give them private jet access. Obviously, CEO/executive skills aren’t that special and the greatest capitalist of our time isn’t concerned with saving their time with private jet access, so their perks are somewhat suspect.

Concerning the media, I will agree that certain media outlets are biased, but it is by no means limited to the left.

CNN = left leaning
MSNBC = very left
Fox = very right
NY Times = left leaning
Wall Street Journal = right leaning
AM Radio = Almost 100% right

I’m tired of the argument made that suggests the right has no voice. If you want to argue that it’s wrong to lean either way, I will support that, but the right has plenty of voices. Saying, the “left wing media”, is just a sound bite used by political pundits because it is easy to say, remember, and most people can’t think for themselves…so they just accept it.

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