Money | Six televangelists under Senate investigation frequent luxury corporate jets-and they are not alone
by Rusty Leonard & Warren Cole Smith
Posted 7/12/08, 12:00 am
Billionaire Warren Buffet became one of the richest men in the world by knowing what adds value to a corporation and what does not. And one of the things that does not, he has argued for years, is a corporate jet: They're a luxury in almost every case and a necessity for only a few. He often railed against them in the annual reports of his company, Berkshire Hathaway, and elsewhere.
That's why, when Berkshire Hathaway finally bought a corporate jet in 1989, he somewhat ashamedly called it "The Indefensible."