{"id":403538,"date":"2010-03-08T12:11:49","date_gmt":"2010-03-08T17:11:49","guid":{"rendered":"http:\/\/www.egmcartech.com\/?p=52592"},"modified":"2010-03-08T12:11:49","modified_gmt":"2010-03-08T17:11:49","slug":"gm%e2%80%99s-ed-whitacre-still-uses-att-corporate-jets-for-free","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/403538","title":{"rendered":"GM\u2019s Ed Whitacre still uses AT&T corporate jets for free"},"content":{"rendered":"

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After hearing an earful from lawmakers, General Motors dumped its corporate jets last year while in bankruptcy after flying top executives to Washington to ask for a federal loan. Well, GM’s brand new CEO Ed Whitacre still flies private thanks to his former employer, AT&T.<\/p>\n

Whitacre, 68, negotiated a sweet lifelong deal with AT&T before he retired in 2007 that allows him to fly free on AT&T corporate jets for 10 hours a month – and that’s on top of his $158 million package deal. The free 10 hours are equivalent of two round-trip flights between his home in San Antonio and his apartment in Detroit.<\/p>\n

The 10 hours of corporate jet flight time for Whitacre costs AT&T a hefty $20,000 a month, according to a filing with the U.S. Securities and Exchange Commission. The perk is now being seen as potential image problem for AT&T and GM.<\/p>\n

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Whitacre gets about $9 million at his job at GM, including an annual salary of $1.7 million. The Detroit automaker said he does not use AT&T jets for GM business.<\/p>\n

David Lewin, a professor at the Anderson School of Management at the University of California, Los Angeles, says that the benefit should be suspended until Whitacre leaves GM.<\/p>\n

“It’s more than a perception problem. If I was an AT&T shareholder or executive, I’d put up a stink about this,” Lewin said.<\/p>\n

Source: Detroit News<\/a><\/p>\n

– By: Omar Rana<\/em><\/p>\n

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After hearing an earful from lawmakers, General Motors dumped its corporate jets last year while in bankruptcy after flying top executives to Washington to ask for a federal loan. Well, GM’s brand new CEO Ed Whitacre still flies private thanks to his former employer, AT&T. Whitacre, 68, negotiated a sweet lifelong deal with AT&T before […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-403538","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=403538"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403538\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=403538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=403538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=403538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}