Boeing CEO’s penchant for cost-cutting doesn’t apply to his trips on the company jet

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When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. An accountant by training, Calhoun has prioritized fiscal discipline over his four years at the helm, tightening the belt to free up cash flow and put the company on better financial footing.

But when it comes to living the CEO lifestyle, that thriftiness goes right out the window. See here: Boeing reported in a regulatory filing that four top executives, including Calhoun, got an extra half-million dollars worth of personal private jet travel on the company’s dime that had previously been improperly recorded as business travel, my colleague Chris Isidore writes.

There is no evidence anyone from Boeing was doing that, but the crackdown signals that it’s happening with some regularity in Corporate America. Over the last three years, Calhoun racked up $979,000 in personal air travel, according to the company. Boeing did not have any comment beyond the information in the filing.

 

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