Nov. 15, 2010 at 11:33 a.m.
Filed under:
Chicago executives,
Economy,
Policy,
Travel
By Reuters
Private planes at Teterboro Airport in Teterboro, N.J. (AP Photo/Jeff Zelevansky)
U.S. executives, including those at government-owned General Motors, are getting back on corporate planes as the economy slowly recovers.
While airlines still account for the majority of corporate travel, many businesses are gradually returning to private planes. They are eager to avoid airport hassles, flight delays and other potential logistical snags associated with commercial flying. For some companies, corporate jets are also a better value.
“We appear to be off the bottom,” said Dan Hubbard of the National Business Aviation Association trade group that represents companies that own and charter planes. “We seem to be seeing things stabilize at this point.” Get the full story »
Oct. 14, 2010 at 3:28 p.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
America’s corporate leaders are profoundly more pessimistic this fall about prospects for the U.S. economy and their own profitability than they were this spring, according to a survey of CEO sentiment released on Thursday. Get the full story »
Aug. 25, 2010 at 1:34 p.m.
Filed under:
Corporate governance,
Government,
Investing,
Policy
By Associated Press
The Securities and Exchange Commission on Wednesday approved changes that make it easier for shareholders to nominate directors of public companies.
The 3-2 vote allows groups that own at least 3 percent of a company’s stock to put their nominees for board seats on the annual proxy ballot sent to all shareholders. The new financial overhaul law enacted last month gave the SEC the authority to make the change. Get the full story »
