General Motors Company’s top-level executives will now be allowed to fly business class on all flights. The company released its luxury expense policy today saying that employees should try to lease GM vehicles “whenever feasible” when on a business trip.
The policy said that any events costing more than $10,000 must be approved by a member of the group’s senior leadership.
Except for intercontinental flights that last more than eight hours, other employees must book economy flights. CEO Fritz Henderson, Chairman Edward Whitacre, vice chairmans, executive vice presidents and other members of the board of directors may fly business class for all flights.
Top executives may also charter a flight “only in North America and only when a clear business rationale is stated.” The board will keep an eye on this by “periodically monitoring the use of charter aircraft.”
Ever since the automaker went under heat for flying to Washington when asking for a federal bailout, GM has sold seven corporate planes and gave up its hangar in Detroit Metropolitan Airport.
The policy also said that employees will not be reimbursed for personal, out-of-pocket expenses.
– By: Stephen Calogera
Source: Detroit News